আরও দেখুন
05.03.2025 04:13 AMOn Tuesday, the Australian dollar fluctuated within the entire range defined by the daily MACD line and the target resistance level of 0.6273. However, today it has begun to pull back from that level.
The Marlin oscillator indicates weakness, displaying a sluggish reaction to the price increase observed over the past two days. If the price falls below yesterday's low of 0.6190, this would suggest a breach of the MACD support line, indicating a resumption of the downward movement. Conversely, if the price consolidates above 0.6273, the next target would be 0.6351.
On the four-hour chart, the price is encountering double resistance from both the target level and the balance indicator line. Even if it breaks through this resistance, the price is likely to face further challenges at the MACD line located at 0.6305, which may hinder movement. Without substantial external support, the price could reverse from current levels.
A key event to watch this week is the U.S. employment report scheduled for release on Friday, which is generating optimistic expectations.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
