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Due to recent issues such as the escalating military conflict between Israel and Iran, and retaliations from Israel, the US dollar is gaining strength. The US inflation seems not to be significantly easing, and expectations for the Fed's rate cuts are being delayed. Although the indication that Israel will not engage in a full-scale war has somewhat alleviated concerns, issues regarding the timing of the Fed's rate cuts remain. Therefore, there is a higher possibility of further strengthening of the dollar in the future.
- On April 17th, the Eurozone Consumer Price Index for March will be released.
- On April 24th, Australia's Consumer Price Index for the first quarter will be released.
- On April 25th, Australia will be closed, and the US GDP for the first quarter will be released.
- On April 26th, Japan's interest rate decision, Australia's Producer Price Index for the first quarter, and the US Personal Consumption Expenditure Price Index will be released.
AUDUSD continues its short-term downward trend without continuing the short-term upward trend and has come down to the support zone of the downward trend. It is showing signs of bouncing back from this zone, with the expected peak being around the 0.66000 line. However, if further declines occur due to the issues mentioned, there is a high probability of forming a low around the 0.62000 line.
Summarizing the expected movements:
First, a short-term rise to the 0.66000 line, supported by the 0.64000 line.
Second, if the 0.64000 line is broken and a further decline occurs to the 0.62000 line, followed by a medium-term rise to around the 0.65500 line.
Currently, these two movements are anticipated, and adjustments will be made to the strategy if there are any variables.
Due to recent issues such as the escalating military conflict between Israel and Iran, and retaliations from Israel, the US dollar is gaining strength. The US inflation seems not to be significantly easing, and expectations for the Fed's rate cuts are being delayed. Although the indication that Israel will not engage in a full-scale war has somewhat alleviated concerns, issues regarding the timing of the Fed's rate cuts remain. Therefore, there is a higher possibility of further strengthening of the dollar in the future.
- On April 17th, the Eurozone Consumer Price Index for March will be released.
- On April 24th, Australia's Consumer Price Index for the first quarter will be released.
- On April 25th, Australia will be closed, and the US GDP for the first quarter will be released.
- On April 26th, Japan's interest rate decision, Australia's Producer Price Index for the first quarter, and the US Personal Consumption Expenditure Price Index will be released.
AUDUSD continues its short-term downward trend without continuing the short-term upward trend and has come down to the support zone of the downward trend. It is showing signs of bouncing back from this zone, with the expected peak being around the 0.66000 line. However, if further declines occur due to the issues mentioned, there is a high probability of forming a low around the 0.62000 line.
Summarizing the expected movements:
First, a short-term rise to the 0.66000 line, supported by the 0.64000 line.
Second, if the 0.64000 line is broken and a further decline occurs to the 0.62000 line, followed by a medium-term rise to around the 0.65500 line.
Currently, these two movements are anticipated, and adjustments will be made to the strategy if there are any variables.