At trading in Asia on Monday, this currency pair is trading with a slight price increase, remaining within the current support level at 0.9125 and at the resistance level around the 0.9238 mark.
On the four-hour chart, the moving averages with a period of 21 and 55 have turned up and are growing, maintaining a slight discrepancy, which demonstrates the advantage of buyers in this market. The price chart progresses in the area slightly above the exponential moving averages, confirming the advantage of the upward potential of this market in the short term.
The technical picture shows the advantage of the bulls in this market, as the MACD histogram progresses in the area just above its central line, and the strength indicator of the current movement of the RSI has risen above the 60 line, which confirms the bullish tendency in this market in the short term.
Thus, we intend to buy this trading instrument today.