EUR/USD 1.13903
-0.284%
Gold 3985.73
-0.768%
Oil 70.049
-0.322%
USD/JPY 162.190
0.159%
GBP/USD 1.32292
-0.213%
GBP/JPY 214.569
-0.046%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 30, Eli Lilly and Innovent Biologics (01801.HK) jointly announced that they have reached a cooperation agreement regarding the rights to Eli Lillys CDK4&6 inhibitor Vizzar® (abecicalbide tablets) in mainland China: Innovent Biologics will be responsible for the import, sales, promotion and distribution of Vizzar® (abecicalbide tablets) in mainland China; Eli Lilly will continue to be responsible for the production, supply and ongoing development of the product.On June 30th, the Shanghai Stock Exchange announced that the secondary market trading price of Invesco Great Wall Global Chip LOF (501225) was significantly higher than its net asset value per unit, exhibiting a substantial premium. Trading in the fund will be suspended from the opening of the market on the afternoon of June 30th, 2026, until the market closes on the same day. Redemption services will continue as usual during the suspension period.Morningstar: Lowered its fair value estimate for JD.com (09618.HK) by 20% to HK$138.00.On June 30th, Unisound (09678.HK) announced that it plans to develop Hangzhou into a regional R&D center for the Yangtze River Delta region, constructing the Unisound AI Chip Innovation Headquarters R&D building. The project will focus on building a large-scale, high-performance intelligent computing cluster to further improve the underlying computing infrastructure for large-scale model services, supporting the companys core strategy of strong foundational models and deep applications. To this end, a subsidiary of the company entered into a general contracting agreement with Shuanglou Construction, the general contractor, for the construction of the Unisound AI Chip Innovation Headquarters project. The contract price is RMB 252,977,950.On June 30th, Futures News reported that oil prices rose yesterday due to a series of attacks on oil tankers near the Strait of Hormuz and the resumption of military operations between the US and Iran. Although the two sides subsequently suspended military operations, renewed market concerns directly led to a rise in oil prices. Zhuochuang Information predicts that continued attention should be paid to developments in the Middle East. If the situation does not escalate further, or even de-escalates, oil prices will likely decline. Otherwise, market volatility will persist, and oil prices will fluctuate widely at high levels. In the short term, US crude oil is expected to fluctuate weakly around $70.

AUD/NZD Price Analysis: Bulls Surpass 1.0790 Resistance Confluence Due To Positive Australian Employment Report

Alina Haynes

Apr 13, 2023 14:19

 AUD:NZD.png

 

AUD/NZD supporters are approaching their highest levels since early March as a result of a four-day uptrend following Thursday morning's release of robust Australian employment data. At the time of publication, the currency pair is accepting bids to reestablish the multi-day high near 1.0810.

 

The Australia Bureau of Statistics (ABS) reported for the month of March that Employment Change increased by 53K compared to 20K expected and 64.6K previously, while the Unemployment Rate remained unchanged at 3.6% compared to expectations of 3.6%. In addition, the Participation Rate rose to 66.7%, exceeding the 66.7% predicted by the market.

 

The AUD/NZD pair surpassed the previous critical resistance confluence surrounding 1.0790, which was comprised of the 100-day moving average (DMA) and a one-month-old downward trend line.

 

The bullish MACD signals and stronger, non-overbought RSI (14) line contribute to the strength of the upside bias.

 

The AUD/NZD bulls are currently positioned to test the 50-day moving average of 1.0824. However, the preceding monthly apex of about 1.0895 and the round number 1.0900 may limit future gains.

 

Alternately, retracement remains elusive until the AUD/NZD pair remains above the support-turned-resistance level of 1.0790.

 

Then, a breach of the upward-sloping trend line from March 5 and the 61.8% Fibonacci retracement level of the pair's run-up from December 2022 to February 2023, located near 1.0705, could give the bears room to maneuver in their subsequent analysis.


Suggestion