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Watching the tide in the foreign exchange market: analysis of the foreign exchange market of euro, pound and Australian dollar
发布时间：2022-08-25 浏览：115
Currency: EUR / USD
Resistance level 2:1.0600
Resistance level 1:1.0500
Spot price: 1.0448
Support bit 1:1.0350
Support bit 2:1.0300
According to the data released by Eurostat on May 17, after seasonal adjustment, the GDP of 19 countries in the euro zone increased by 5.1% year-on-year and 0.3% month on month in the first quarter, both better than expected.
Stimulated by good economic data, EURUSD rebounded sharply by 1.12% in the overnight foreign exchange market, closing at around 1.0550.
At present, on the daily chart, the exchange rate is still under pressure below the 20 moving average, and the downward channel remains intact, but the MACD signal line seems to form a golden fork, and the RSI also begins to rise from the bottom of the overbought area. If the rebound can further break through the Boolean belt middle track 1.06 on the daily chart, the rebound amplitude is expected to rise further; If it is blocked, the decline of the euro may continue.
Currency: GBP / USD
Resistance level 2:1.2610
Resistance level 1:1.2500
Spot price: 1.2485
Support bit 1:1.2410
Support bit 2:1.2330
In the foreign exchange market on Tuesday (May 17), due to the sharp decline of the US dollar index, the pound received a corresponding boost against the US dollar and continued to rebound,
The full day rise reached 1.36%, and the intraday peak was almost close to the 1.2500 water level. Let's take a look at the technical trend of sterling. The daily line lasted for three days, and the MACD signal line formed a golden fork,
The red kinetic energy column begins to spread, indicating that the rebound kinetic energy is accumulating.
However, the 4-hour chart shows that after the price surged to around 1.2500, the 60 day moving average began to be under pressure, and there may be a process of stepping back to confirm the support below. If the stepping back enterprise stands above 1.23,
The rebound of sterling is expected to continue. If the upper part breaks through the 1.25 water level of the middle rail in the Boolean belt on the daily chart, it will challenge the preliminary resistance position of 1.2640.
Currency: aud / USD
Resistance level 2:0.7100
Resistance level 1:0.7060
Spot price: 0.7033
Support bit 1:0.6995
Support bit 2:0.6910
The US dollar index hovered around 103.3. The US dollar fell for the third consecutive day on Tuesday, falling from a 20-year high against a basket of major currencies as investors' rising risk appetite weakened the attractiveness of the US dollar.
The Australian dollar, which is regarded as a liquidity indicator of risk appetite, rose 0.8% against the US dollar. The minutes released on Tuesday showed that the RBA had considered raising interest rates by a larger margin at its meeting in May, which strongly suggested that it would raise interest rates again in June.
The Aussie dollar continued to fluctuate upward yesterday, and the daily line closed up slightly. In addition to short covering continued to support the exchange rate, the continued correction of the US dollar index is also an important factor supporting the rebound of the Australian dollar.
In addition, the warmer risk sentiment in the market and the higher prices of bulk commodities such as international copper and iron ore also supported the commodity currency Australian dollar.
In the morning trading in Asia, the minutes of the decision released by the RBA were biased towards eagle, the Australian dollar continued to rise, and the spot exchange price was trading near 0.7000.
Focus on the pressure around 0.7100 today, and the support below is around 0.6900.