Daily Technical Analysis：EUR/USD、AUD/USD

Welcome to our daily technical analysis of the financial markets, focusing today on EUR/USD and AUD/USD. Let's dissect the latest news, market trends, and crucial price levels to watch out for.

1. EUR/USD Analysis:
News Summary:
It seems a foregone conclusion that the European Central Bank will cut interest rates next week, but whether the rate cut will be 25 basis points or 50 basis points is still a question. Recent comments indicate that the ECB's Governing Council is divided on the extent of a rate cut, but most are expected to want to wait until inflation slows further before considering a further 50 basis point cut. Nonetheless, the tone of the December meeting will be more dovish, which is enough to support current market pricing.

Trend Analysis:
We can see EUR/USD H4 level rose slightly and ran above the 48 hours moving average. In addition, the MACD double line and the energy bar converges above the zero axis. The sell limit could be placed, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [1.0510]
Key Resistance Levels: [1.0650]
Pivot Points [1.0600]

 

2. AUD/USD Analysis:

News Summary:
The latest GDP data showed that the Australian economy grew by only 0.3% quarter-on-quarter in the third quarter, below expectations of 0.4%. The data raised concerns that a recession could begin, with the Australian economy generally weak, with very weak growth momentum in the private sector and the public sector being the main focus of GDP growth. In the third quarter, Australia's new public sector expenditure increased by 2.2% quarter-on-quarter, accounting for 27.5% of total GDP, reaching a record high.

Trend Analysis:
We can see AUD/USD rebounded from a low level and is still running below the 48 hours moving average on H4 chart. On the other hand, the MACD double line and energy column further expands below the zero axis. The sell limit could be used, stop loss is compulsory.

Today's Key Price Levels:
Key Support Levels: [0.6350]
Key Resistance Levels: [0.6510]
Pivot Points [0.6470]