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!
Yesterday's rate cut by the Reserve Bank of Australia from 4.10% to 3.85%, although widely expected, did not allow the Australian dollar to consolidate above the 0.6444 resistance level. However, upon reaching the 0.6394 support, the price sharply rebounded. Now, the "Aussie" is again attempting to break through 0.6444.
With support from the broader market (the U.S. dollar index declined by 0.10% during the Pacific session), we expect the day to close above the mentioned resistance. From there, the price faces a wide-open path toward the target level of 0.6640, with intermediate resistance at 0.6542, formed by an embedded line of the price channel.
The price has settled above the balance and MACD lines on the four-hour chart, while the Marlin oscillator also appears to be anchored in positive territory. It is now well-positioned to break above 0.6444 and consolidate there.
An alternative scenario would be a consolidation below 0.6394. However, further decline remains uncertain even in this case, as the MACD line awaits the price at the 0.6360 level on the daily chart.
*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।
