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12 Mar, 2025
5 minutes

Daily Technical Analysis:USD/JPY、AUD/USD

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

 

1. USD/JPY Analysis:
News Summary:
The market is increasingly confident that the Bank of Japan will continue to raise interest rates, mainly based on the continued rise in domestic inflation and the expectation that the wage growth momentum last year will continue this year. It is worth noting that the Deputy Governor of the BOJ hinted in his speech last week that the central bank may raise interest rates at the pace expected by market participants and economists. In addition, the weak demand for the 5-year government bond auction reflects the market's expectation that interest rates will continue to rise.

Trend Analysis:
USD/JPY rebounded at H4 level and ran near the 48 hours moving average. In addition, the MACD histogram bar and double line expand below the zero axis. The buy limit could be set, stop loss is compulsory.

Today's Key Price Levels:
Key Support Levels: [147.00]
Key Resistance Levels: [150.00]
Pivot Points [147.50]


2. AUD/USD Analysis:

News Summary:
The Australian dollar exchange rate remained sideways and volatile. Amid concerns about the slowdown in US economic growth and the impact of tariff policies on the US economy, the US dollar continued to be under pressure, providing some support for the Australian dollar. Market participants are currently waiting for the upcoming US CPI data, which may become a key factor affecting the trend of the Australian dollar against the US dollar. In addition, the upward trend of the Australian dollar is still constrained by weak iron ore prices and uncertain demand prospects.

Trend Analysis:
The AUD/USD rebounded and moved near the 48 hours moving average. On the other hand, the MACD double line and energy bar shrink near the zero axis. The sell limit could be employed, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [0.6200]
Key Resistance Levels: [0.6370]
Pivot Points [0.6330]

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