During the previous trading session, the currency exchange rate broke the previously drawn pattern. Due to the fact, the chart was corrected!
In regards to the near-term future, most likely, the currency exchange rate will be trading towards the weekly R1 at 110.46 to end the trading session at the 110.00 level. Moreover, the 55-hour and the 100-hour simple moving averages will support the surge during the day.
On the other hand, the round level of 110.00 could retrace the currency exchange rate to move back to end the trading session at the 109.80 level.
