Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
AUD/USD Analysis
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Hot Forex Signals, post: 180533, member: 65779"] [U][SIZE=5][B]AUD/USD drops 15+ pips after RBA’s inaction[/B][/SIZE][/U] [LIST=1] [*][I]AUD/USD fails to increase the previous recovery moves after RBA.[/I] [*][I]The Australian central bank left financial policy unchanged, downgraded Inflation, unemployment forecast.[/I] [*][I]Markets portray risk reset following WHO’s the refrain to back United States allegations on China.[/I] [/LIST] AUD/USD drops to 0.6440 after the RBA left its financial policy unchanged on early Tues. The reason for the Aussie pair’s declines might be derived from the central bank’s beat forecasts of inflation and state. Ahead of the RBA decision, Australian treasurer josh Frydenberg aforesaid that his government can still do what's necessary to support the economy. However, the policymaker didn't give any clear hints concerning the possible financial support. Earlier throughout the day, Australia’s AiG Performance of Construction Index and also the Commonwealth Bank’s activity numbers written beat figures. Elsewhere, the Australian Bureau of Statistics recently revealed the weekly Australian payroll jobs and wages information. As per the main points, the whole worker jobs ablated by 7.5% whereas the whole wages paid by employers slipped by 8.2%. Even so, the Aussie pair cheered the danger rest following the World Health Organization’s (WHO) comments that it didn’t receive any proofs from the Washington that backs the United States claims that experiments in China’s Wuhan laboratory are the explanation behind the outbreak. While the portrayal of the risk-tone sentiment, the S&P five hundred Futures register 0.70% gains to 2,845 whereas MSCI’s index of Asia-Pacific shares flashes 0.55% profits. Moving on, traders can keep eyes on the main points of economic projections type the Aussie central bank, also as trade/virus updates, for recent impetus. [B][SIZE=5][U]Technical analysis[/U][/SIZE][/B] On the hourly chart, AUD/USD extends its pullback from 61.8% Fibonacci retracement of late-April upper side whereas staying positive on top of 200-HMA. Though, 38.2% Fibonacci retracement level around 0.6450 appears to protect the immediate upper side before shifting the market’s attention to 100-HMA, at 0.6478 now. Meanwhile, 0.6410 level comprising 50% Fibonacci retracement can give a close-by rest throughout the pair’s turnabout before the key Fibonacci support near to 0.6370. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…