The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The AUD/USD pair added to the previous day's losses and witnessed some heavy selling for the second consecutive session on Thursday. The downward trajectory dragged the pair to fresh one-month lows during the first half of the European session, with bears now looking to extend the momentum further below the 0.7600 mark.
From a technical perspective, the AUD/USD pair on Wednesday decisively broke through a short-term ascending trend-line support extending from early November. A subsequent slide below the 23.6% Fibonacci level of the 0.6990-0.7820 strong positive move might have already set the stage for additional near-term weakness.
The downward trajectory might then drag the AUD/USD pair towards the key 0.7500 psychological mark. The mentioned level coincides with the 38.2% Fibo. level, which if broken decisively will be seen as a fresh trigger for bearish traders. This, in turn, would pave the way for an extension of the ongoing corrective slide.
On the flip side, any attempted recovery runs the risk of fizzling out rather quickly near the 0.7660 horizontal support breakpoint. This, in turn, should now act as a strong barrier, which if cleared decisively might trigger some short-covering move and push the AUD/USD pair back towards the 0.7700 round-figure mark.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
