The current rate at the time of writing is 0.5740. This FX cross rate has traded in a narrow range over the past 8 weeks, however the recent higher lows and a break of the 200 day moving average to the upside could well mean that further upside is on the cards. A golden cross formation is about to take place and the daily MACD-V indicator is rising from negative  territory.

Fibonacci upside projection based on the 0.5598 to .0.5847 range traded since October 2025 would put focus on 0.60 (61.8%) and thereafter 0.6250 (161.8%), should resistance at 0.5847 gives way.

Disclaimer

Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.