Daily Technical Analysis:USD/JPY、AUD/USD
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 foreign exchange market has become more volatile amid global economic uncertainty and geopolitical risks. The yen strengthened slightly on the back of a rebound in safe-haven demand, but the rally was not fully realized due to the unexpectedly dovish policy guidance of the Bank of Japan last Thursday. As a traditional safe-haven currency, the yen has been supported by buying recently due to rising geopolitical risks and increasing global economic uncertainty. The continued tension between Russia and Ukraine and the instability in the Middle East have significantly boosted safe-haven demand.
Trend Analysis:
We can see USD/JPY fell again at H4 level, but still ran above the 48 hours moving average. In addition, the MACD double line and energy bar converge above the zero axis. The sell limit could be placed, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [142.00]
Key Resistance Levels: [145.40]
Pivot Points [144.30]
2. AUD/USD Analysis:
News Summary:
The National Australia Bank expects the RBA to cut interest rates by 100 basis points before August, and a 50 basis point cut this month is a foregone conclusion. It calls on the RBA to change its thinking in several aspects. First, the RBA needs to recognize that inflation risks are no longer balanced but tend to be downward due to slowing global growth. Second, shift from a cautious mindset to bold action. No matter what happens, lowering interest rates will be the RBA's top priority.
Trend Analysis:
We can see AUD/USD fluctuated at a high level and was still running above the 48 hours moving average on H4 chart. On the other hand, the MACD double line and histogram bar shrink above the zero axis. The buy limit could be used, stop loss is mandatory.
Today's Key Price Levels:
Key Support Levels: [0.6370]
Key Resistance Levels: [0.6550]
Pivot Points [0.6420]