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!
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AUD/USD
By the end of Thursday, the Australian dollar formed a high upper shadow, which reached the December 26, 2023 low. But since this happened, we are slightly adjusting other target levels. The nearest support is 0.6751 – the January 5 peak. Consolidation below this level paves the way for the price to fall to 0.6690 – the resistance level from June 26, July 1, and December 4, 2023.
Once the price overcomes this support level, the bears will become more motivated to surpass 0.6627, which is supported by the MACD line. The price divergence with the Marlin oscillator is becoming stronger, but it needs another day. A break above 0.6799 would break the divergence and allow the price to continue to rise to 0.6874.
The divergence is ready on the 4-hour chart. The signal line of the Marlin oscillator has even moved into negative territory, which enhances the bearish momentum and helps the price overcome the support level of 0.6751. Consolidation below this level will mean surpassing the MACD line, opening the way to 0.6690.
*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।
