Daily Technical Analysis:AUD/USD、Gold
Welcome to our daily technical analysis of the financial markets, focusing today on AUD/USD and Gold. Let's dissect the latest news, market trends, and crucial price levels to watch out for.
1. AUD/USD Analysis:
News Summary:
The unemployment rate rose from 3.9% to 4% in December, approximately 56,000 new jobs were created, higher than market expectations of 20,000, and the employment participation rate rose to a record high of 67.1%. The RBA chairman cited continued strength in the labor market as one of the reasons why the bank kept the cash rate at 4.35%. The unemployment rate has been well below the Reserve Bank of Australia's forecast of 4.3% in the fourth quarter.
Trend Analysis:
We can see AUD/USD rebounded and fluctuated and was running near the 48 hours moving average on H4 chart. In addition, the MACD double line and energy bar converge around the zero axis. The sell limit could be used, stop loss is mandatory.
Today's Key Price Levels:
Key Support Levels: [0.6130]
Key Resistance Levels: [0.6300]
Pivot Points [0.6270]
2. Gold Analysis:
News Summary:
Since the amount of gold reserves that Asian central banks need to replenish is huge, and the global situation has become more complicated after Trump came to power, and the credibility of the US dollar system has declined, it is expected that the central bank's gold purchase speed will at least maintain the status quo, that is, maintain it at around 1,000 tons/year. Regarding U.S. debt, using the forecast results of the U.S. Federal Budget Committee’s baseline scenario, the U.S. fiscal deficit will increase by about $7.5 trillion in the next 10 years.
Trend Analysis:
We can see gold H4 level continues to rebound and returns above the 48 hours moving average. On the other hand, the MACD double line and energy column shrink above the zero axis. The sell limit could be placed, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [2664]
Key Resistance Levels: [2730]
Pivot Points [2710]