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!
Following Thursday's sharp decline, the AUD/USD pair managed to stay above 0.7800 during the European trading hours but came under strong bearish pressure in the last hour. As of writing, the pair was losing more than 100 pips, on the day at.
From a technical perspective, the Australian dollar is under heavy downside pressure against the US dollar currency after suffering a major reversal from the 0.8000 resistance level. Price is supported by an ascending trend-line from early October 2020 where AUD/USD could face some rejection and short term correction .
On the upside, support is at 0.7750 region which coincides with the mentioned trend-line and confluence with fibonacci 61.8% retracement. If AUD/USD bounce off this region, there are possibilities a correction towards 0.7900 round figure mark before the next drop.
The development of MACD indicator (bearish divergence) hints at swelling downside momentum. A daily close below the trendline is likely to drive the price back towards former support at 0.7600 round figure mark.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
InstaSpot分析评论将让您充分了解市场趋势！ 作为InstaSpot的客户，您将获得大量的免费服务以实现有效的交易。
