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!
Today, the Australian dollar is attracting new buyers in response to aggressive statements from Reserve Bank of Australia Governor Michele Bullock.
From a technical standpoint, the AUD/USD pair is finding some support near the 0.6610–0.6620 level. Moreover, oscillators on the daily chart remain firmly in positive territory and are still far from the overbought zone, confirming a constructive short-term outlook for the currency pair. Buying above 0.6650 — the multi-month high reached on Monday — would create conditions for testing the yearly high, a level just above the round 0.6700 level set in September.
On the other hand, weakness in the pair below the round 0.6600 level can be viewed as a buying opportunity near the 0.6560–0.6550 level. Below this area lies the 100-day Simple Moving Average (SMA), around 0.6540–0.6535. Failure to hold these levels would push AUD/USD down toward the psychological 0.6500 level, targeting the 200-day SMA in the 0.6475 level. Inability to defend these support levels would invalidate the positive forecast, shifting the short-term bias in favor of the bears and exposing the multi-month low around 0.6420 reached in November.
*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।
