The current hourly price of the currency is fluctuating around 109000, with a rebound from 106600 to 109363 on the daily chart showing an upward trend.

From a technical perspective, the hourly MACD is positive but shows signs of a pullback, while the daily MACD remains bullish,

Long positions can be taken in the range of 107700-108600, with a target of 109500-110500.