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 depreciate towards the 109.45 level. Besides, the 50.00% Fibonacci retracement level will retrace the rate to pass through the 55-hour simple moving average.
On the other side, the US Dollar could be supported by the 100-hour simple moving average to stay at the 109.40 level during the trading session.
