AUD/USD failure at 0.7400 exacerbated a correction towards 0.7373 By christianborjon AUDUSD Majors Macroeconomics Technical Analysis
et mood. At 0.7375, the AUD/USD reflects the appetite for risk-sensitive currencies in the FX complex, though capped by a firm US dollar.
Tuesday’s session witnessed a mixed market mood throughout the day. However, the sentiment improved late in the US session, as reflected by US equities recording gains between 1.45% and 2.15%, and the greenback rose. The 10-year benchmark note rose to 2.940%, gaining eight basis points.Geopolitics dominates news headlines. The Russian offensive in Eastern Ukraine and the lack of peace talks at the ministry level keep investors hopeless of a cease-fire.
On Tuesday, the Chicago Fed President Charles Evan crossed the wires. Evans said that the US economy “will do very well even as rates rise.” He noted that he supports a “couple” of 50 bps increases, which could lift rates to the 1.25%-2.50% neutral rate., a gauge of the greenback’s value against a basket of six peers, is rising 0.17%, sitting at 100.989, a headwind for the AUD/USD.featured Building Starts and Permits, which came more robust than expected.
The Relative Strength Index , an oscillator sitting at 45.47 in bearish territory, gives an additional selling signal to the abovementioned. That said, the AUD/USD first support would be the 50-day moving average at 0..7346. A breach of the latter would expose the confluence of the mid-parallel Pitchfork’s line between the central and bottom lines and the 200-DMA around the 0.7293-0.7305 range, followed by the 100-DMA at 0.7255.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
AUD/USD bears push the pair below 0.7400 and target the 50-DMA around 0.7330sAUD/USD bears push the pair below 0.7400 and target the 50-DMA around 0.7330s By christianborjon AUDUSD Majors Macroeconomics Technical Analysis Sentiment
Baca lebih lajut »
AUD/USD extends hawkish RBA minutes-inspired recovery from one-month lowThe AUD/USD pair built on its steady intraday ascent through the early European session and climbed to a fresh daily high, around the 0.7380-0.7385 re
Baca lebih lajut »
AUD/USD Forex Signal: More Downside Amid US Bond Sell-OffThe AUD/USD pair slipped to the lowest level since March 17th as investors reacted to the latest economic data from China.
Baca lebih lajut »
China’s GDP expands 4.8% YoY in Q1 2022 vs. 4.4% expected, AUD/USD uninspiredChina's annualized GDP figures for the first quarter of 2022 arrived at % vs. 4.4% expected and 4.0% previous, with the QoQ reading coming in at 1.3%
Baca lebih lajut »
AUD/USD plunges to near 0.7350 on a slump in China’s Retail SalesThe AUD/USD pair is experiencing a bloodbath on Easter Monday after slipping below the previous week’s low at 0.7392. The pair has surrendered more th
Baca lebih lajut »
GBP/USD Forecast: Pound looks vulnerable despite thin holiday tradingGBP/USD has retreated toward 1.3000 early Monday amid renewed dollar strength. The pair stays in negative territory during the European trading hours
Baca lebih lajut »