has been trading near the lower end of the channel, as well as near 61.8 Fibonacci level. Further, it also has been trading near the 200 EMA
. If it breaks the support zone
, it may take the support on the two-year Trendline(have a look at weekly chart) before starting to rally in the upward direction. It may confirm either of the possibilities in the next few sessions, so keep an eye on this.
Cheers! Feel free to share your view about this. Please do your analysis before trading/Investing.