All Articles Tagged - AUDUSD

Technical Analysis – AUDUSD stays trapped below familiar resistance

Posted on December 29, 2022 at 8:47 am GMT

AUDUSD set another foothold around the two-month-old ascending trendline last week, correcting higher to test the 0.6800 level on Wednesday. Despite the pickup, the 38.2% Fibonacci of the 0.7660–0.6169 downtrend and the 20-day simple moving average (SMA), which is also the middle Bollinger band, restrained the bulls around 0.6740 for the eighth consecutive trading day. The momentum indicators are not giving directional signals, with the RSI hovering around its 50 neutral mark and the MACD flattening clearly below its red signal line. [..]

Technical Analysis – AUDUSD ascends steeply despite death cross

Posted on December 28, 2022 at 2:34 pm GMT

AUDUSD has been edging higher in the four-hour chart after encountering strong support at the 0.6628 region in mid-December. Interestingly, its advance has accelerated in the last few sessions despite the completion of a death cross between the 50 and 200-period simple moving averages (SMAs). The momentum indicators are endorsing the latest upside move. Specifically, the stochastic oscillator is ascending steeply after posting a bullish cross, while the MACD histogram is strengthening above both zero and its red signal line. [..]

Daily Market Comment – Stocks eke out gains on China boost as Fed worries linger

Posted on December 27, 2022 at 10:14 am GMT

China reopens its borders, lifting jittery stocks in quiet holiday week Improved sentiment hurts dollar and yen; latter also weighed by Kuroda Oil extends gains on China news and US winter storm disruption China scraps quarantine rules, helps spread some festive joy Risk appetite was on the rise on Tuesday following China’s announcement yesterday that inbound travellers will no longer have to quarantine as of next month. The decision comes even as daily infections continue to surge across many parts [..]

Daily Market Comment – BoJ shocks markets with policy tweak; yen soars, stocks tumble

Posted on December 20, 2022 at 10:04 am GMT

Bank of Japan makes surprise tweak to its YCC policy, insists it’s not tightening Dollar slumps 3% against yen, Nikkei plunges as markets see move as exit from stimulus Gold supported as broader market mood remains downbeat BoJ widens yield target range The Bank of Japan ended weeks of speculation about a policy pivot and took its first step on Tuesday to move away from years of ultra-loose monetary policy. In its first adjustment to its yield curve control policy [..]

Technical Analysis – AUDUSD tumbles within 20- and 200-day SMAs

Posted on December 15, 2022 at 2:08 pm GMT

AUDUSD is plunging within the 20- and the 200-day simple moving averages (SMAs) as it is still holding above the long-term descending trend line. The MACD oscillator is holding beneath its trigger line in the bullish area, while the RSI is sloping down above the neutral threshold of 50. Immediate support to further declines may be taking place around the 20-day SMA at 0.6740, while the 0.6640 barrier could provide additional support in case of steeper losses. Any moves below [..]

Technical Analysis – AUDUSD consolidates as rebound falters near 200-day SMA

Posted on December 15, 2022 at 8:45 am GMT

AUDUSD had been stuck in a steep downtrend since early March but managed to recoup some losses after bouncing at the 30-month low of 0.6169. However, the pair has been trading without clear direction in the last couple of daily sessions as its advance came to a halt at the 200-day simple moving average (SMA). The momentum indicators are reflecting a loss of positive momentum. Specifically, the MACD histogram is softening but remains above both zero and its red signal [..]

Will Australian employment data boost the aussie further? – Forex News Preview

Posted on December 13, 2022 at 3:40 pm GMT

On Thursday at 00:30 GMT, Australia’s employment data will be scrutinised as the RBA mulls over how much further to tighten monetary policy in the year ahead. It has been suggested that higher interest rates are to blame for the slump in the housing market; nevertheless, officials were still holding out hope that the robust labor market would protect the economy from a more general slowdown up until recently. Australia’s economy may stall next year Australia’s GDP data for the [..]

Technical Analysis – AUDUSD keeps bias to the upside but needs to surpass 200-day SMA

Posted on December 9, 2022 at 12:39 pm GMT

AUDUSD is continuing the bullish bias with some modest gains over the past couple of sessions. The RSI is staying above 50 and is sloping upwards, while the MACD is standing beneath its trigger line in the positive region. The red Tenkan-sen line remains above the blue Kijun-sen line, confirming the upside structure. The 200-day simple moving average (SMA) is located near 0.6900 that would be a strong resistance line but first the pair needs to battle with the 0.6850 [..]

Week Ahead – Slower rate hikes eyed as Fed, ECB, BoE and SNB clash

Posted on December 9, 2022 at 12:34 pm GMT

A turbulent year is fast drawing to a close and the most crucial week for central banks is upon us. The Federal Reserve will be headlining the last rate-setting decisions of 2022 that will also cover those of the European Central Bank, Bank of England and Swiss National Bank. But it’s not just central bank meetings cramming up the schedule. There will be a flurry of economic data too, led by the latest US CPI report and the flash PMI [..]

Technical Analysis – AUDUSD holds a bullish bias near the 20-day SMA

Posted on December 8, 2022 at 8:46 am GMT

AUDUSD has gained little the last couple of sessions, managing to hold above the 20-day simple moving average (SMA) and re-enter the 0.6700 area, with the technical indicators feeding prospects for a possible positive short-term trading. The RSI holds above the 50 level, while the MACD continues to move in bullish territory but below its trigger line. Also, in Ichimoku indicators, the red Tenkan-sen line keeps standing above the blue Kijun-sen line. A failure to move higher than the 0.6850 resistance could be [..]

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