The exchange rate moved in the opposite direction as indicated by our analysis. Probably again, equity dilution can be seen. If our theory is correct, the exchange rate may reach a further low. This level can be around 1.83 usd. From this level we expect a definite rise to 3.5 usd levels. The lower level is 1.83 usd by a falling channel, and the upper resistance line is an intersection of an extended ATR axis or a peak axis.