At trading in Asia on Friday, this currency pair is trading with an increase in price, remaining within the current support level at 0.9193 and at the resistance level around the 0.9275 mark.
On the four-hour chart, the moving averages with a period of 21 and 55 turned up, accelerated and now increase the discrepancy, which demonstrates the advantage of buyers in this market. The price chart progresses in the area significantly above the exponential moving averages, confirming that the upward potential of this market remains in the short term.
The technical picture also demonstrates the advantage of the bulls in this market, since the MACD histogram has moved to the area significantly above its central line, and the indicator of the strength of the current movement of the RSI has risen above the 70 line, which confirms the dominant position of the bulls in this market in the short term and demonstrates the overbought nature of this trading instrument.
Thus, we intend to buy if the current resistance level is broken through and sell this trading instrument when the last one bounces off.