Our pair has gone beyond the descending channel and is currently demonstrating growth. Against the backdrop of investors' expectations that the interest rate will be raised at the next Fed meeting, investors are returning their interest in the dollar.
Given that our price has received a new upward support line we can expect further growth in the pair. In case the pair falls below this level we anticipate the possibility that the boundary of the descending channel has shifted by the channel value from the resistance level.
Given that our price has received a new upward support line we can expect further growth in the pair. In case the pair falls below this level we anticipate the possibility that the boundary of the descending channel has shifted by the channel value from the resistance level.