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21 May, 2025
5 minutes

Daily Technical Analysis:GBP/USD、AUD/USD

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

1. GBP/USD Analysis:
News Summary:
UK inflation is expected to return to a high level in April due to rising energy prices, a sharp increase in water charges and a substantial increase in road tax for new cars. Increases in service industry prices, employer taxes and the minimum wage will also bring additional pressure, which may trigger sharp fluctuations in market expectations of the central bank's policies. However, in the medium term, the growth rate of private and public housing rents will slow down, the pricing power of enterprises will weaken, and core service industry inflation and three-month annualized wage growth will both show a downward trend, providing the BOE with greater room for interest rate cuts.

Trend Analysis:
We can see GBP/USD H4 level continued to rebound and ran above the 48 hours moving average. In addition, the MACD double line and histogram bar expand above the zero axis. The buy limit could be placed, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [1.3340]
Key Resistance Levels: [1.3550]
Pivot Points [1.3380]
2. AUD/USD Analysis:

News Summary:
The Reserve Bank of Australia cut its policy rate by 25 basis points to a two-year low of 3.85% on Tuesday, in line with market expectations, as domestic inflation concerns continued to recede. Australia's inflation rate has fallen sharply since its peak in 2022, as higher interest rates have been working to bring aggregate demand and aggregate supply closer to balance. The latest headline inflation data hit a four-year low of 2.4% in the first quarter of 2025.

Trend Analysis:
We can see AUD/USD rebounded and returned to 48 hours moving average on H4 chart. On the other hand, the MACD double line and energy bar formed a golden cross near the zero axis. The buy limit could be employed, stop loss is compulsory.

Today's Key Price Levels:
Key Support Levels: [0.6370]
Key Resistance Levels: [0.6530]
Pivot Points [0.6410]

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