See also
19.02.2025 04:45 AMYesterday, the Reserve Bank of Australia reduced the interest rate from 4.35% to 4.10%, and the Australian dollar held steady. However, today's rate cut by the Reserve Bank of New Zealand, from 4.25% to 3.75%, is significantly affecting the currency's ability to stay strong.
The price, which had previously consolidated above the 0.6351 level on the daily chart, is now below the level again. If this consolidation is proven to be false, the support level at 0.6273 will likely be reached. Additionally, the Marlin oscillator has reversed downward from its resistance level of 0.0108.
On the four-hour chart, the Marlin oscillator has moved into bearish territory. The price is trying to consolidate below the 0.6351 level. If the price falls below the MACD line at 0.6308, the support level at 0.6273 is expected to be tested.
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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.
