The pair is moving sideways between the level of 0.9400 and 0.9330 but with a slight negative bias. However, the pair could have been attempting to form a new ascending channel with its main support at 0.9290, but to confirm this channel consolidation above 0.9400 is required to negate the negativity seen on Stochastic. Therefore, we remain neutral in our morning report awaiting more confirmations.
The trading range for today is among the major support at 0.9180 and the major resistance at 0.9590.
The short-term trend is to the upside with steady weekly closing above 0.8020 targeting 0.9400.
**New York Candlesticks**
|Recommendation||Based on the charts and explanations above we remain neutral, awaiting more confirmations|