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!
NZDUSD rose through the 0.6300 mark during the Asian session on Friday after finding support close to the 0.6250 lows on Thursday. The currency pair is unfolding a bullish Morning Star candlestick pattern on the daily chart. If successful, it would indicate a potential trend reversal ahead. Bulls are looking poised to hold prices above the 0.6190 mark to keep the near-term structure constructive.
NZDUSD has terminated its larger degree corrective drop, which had begun at the 0.7465 highs, around the 0.6190 mark. Also, note that prices have bounced off the Fibonacci 0.618 retracement of its larger degree upswing between 0.5470 and 0.7465. If the above structure holds well, prices would stay above the 0.6190 mark and push through the 0.6575 mark in the near term.
NZDUSD has also carved a lower degree upswing between 0.6190 and 0.6400 in the past few trading sessions. Furthermore, prices have also retraced through the Fibonacci 0.618 levels around 0.6250. Bulls will be inclined to come back in control from here and push prices towards the initial resistance at 0.6575 at least.
Potential rally through 0.6575 and higher through 0.6100
Good luck!
*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।
