Hello to all our subscribers.
Please share your personal opinions in the comments. Boosters and subscriptions are appreciated.
This week has seen many significant developments. Eurozone CPI continues to show a steady decline, and the Bank of Japan confirmed a rate hike, signaling an end to Abenomics. Additionally, the Reserve Bank of Australia has kept interest rates unchanged, and soon we await the outcome of the FOMC meeting in the United States. Amidst these developments, market fluctuations persist, with AUDUSD also showing signs of attempting to determine its direction.
The FOMC outcome will be announced on March 21st.
Fed Chair Powell's speech is scheduled for March 22nd.
US Personal Consumption Expenditures Price Index for February will be released on March 29th.
The AUDUSD chart is forming an upward trend within a downtrend. While it continues to show attempts to maintain the lows of the short-term upward trend, there's a high likelihood it may ultimately follow the downtrend and exhibit a downward trend unless it breaks through the highs of the long-term downtrend. Currently, AUDUSD is in a crucial phase for determining its direction, and whether it holds the 0.65000 line will play a significant role. (Considering the expected outcome of the FOMC meeting, the Fed is likely to adopt a dovish stance, which could strengthen the dollar accordingly.)
There are two anticipated movements at present:
Firstly, maintaining support at the 0.65000 line to break through resistance at 0.67500 and sustain the short-term upward trend.
Secondly, breaking below the 0.65000 line and continuing the long-term downward trend.
These two movements are currently the most probable, and if there are any variables, we will consider adjusting our strategy accordingly.
Please share your personal opinions in the comments. Boosters and subscriptions are appreciated.
This week has seen many significant developments. Eurozone CPI continues to show a steady decline, and the Bank of Japan confirmed a rate hike, signaling an end to Abenomics. Additionally, the Reserve Bank of Australia has kept interest rates unchanged, and soon we await the outcome of the FOMC meeting in the United States. Amidst these developments, market fluctuations persist, with AUDUSD also showing signs of attempting to determine its direction.
The FOMC outcome will be announced on March 21st.
Fed Chair Powell's speech is scheduled for March 22nd.
US Personal Consumption Expenditures Price Index for February will be released on March 29th.
The AUDUSD chart is forming an upward trend within a downtrend. While it continues to show attempts to maintain the lows of the short-term upward trend, there's a high likelihood it may ultimately follow the downtrend and exhibit a downward trend unless it breaks through the highs of the long-term downtrend. Currently, AUDUSD is in a crucial phase for determining its direction, and whether it holds the 0.65000 line will play a significant role. (Considering the expected outcome of the FOMC meeting, the Fed is likely to adopt a dovish stance, which could strengthen the dollar accordingly.)
There are two anticipated movements at present:
Firstly, maintaining support at the 0.65000 line to break through resistance at 0.67500 and sustain the short-term upward trend.
Secondly, breaking below the 0.65000 line and continuing the long-term downward trend.
These two movements are currently the most probable, and if there are any variables, we will consider adjusting our strategy accordingly.