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!
AUD/USD
As expected in the previous analysis on October 13, the Australian dollar managed to close the Monday gap and move toward the target support at 0.6450. Now, the price has returned to its initial position and faces the same dilemma: either continue rising toward the MACD line at 0.6555 or attempt to break below the 0.6450 level with firm settlement.
At the moment, the overall trend remains bearish, but price and the oscillator are visually trying to break free from downward pressure. For this, support from correlated markets is needed—namely, a weakening of the U.S. dollar index and a rise in commodity prices. Oil, in particular, has remained in a range for four consecutive days—meaning it has not declined, which is already a positive sign for the "Aussie."
On the four-hour chart, the Marlin oscillator is trying to hold above zero, suggesting the pair is battling toward the immediate target of 0.6532—the MACD line. Growth in AUD/USD appears likely but will come with challenges.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
