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August 12th - According to the Henan Provincial Emergency Management Department, the Henan Provincial Flood Control and Drought Relief Headquarters activated a Level II emergency response for flood control at 8:00 AM on August 12th. From 8:00 AM on the 12th to 8:00 AM on the 13th, most areas along the Huai River and to the north are expected to experience heavy rain, with some counties (cities, districts) in southern Jiaozuo, central and eastern Xinxiang, eastern Luoyang, Zhengzhou, Kaifeng, central and western Shangqiu, Pingdingshan, Xuchang, Luohe, central and western Zhoukou, northeastern Nanyang, and northern Zhumadian experiencing torrential rain. Locally, southeastern Zhengzhou, southern Kaifeng, central Pingdingshan, northern Xuchang, and western Zhoukou will experience extremely heavy rain (250 to 350 mm in some areas), accompanied by short-duration heavy rainfall (maximum hourly rainfall of 40 to 60 mm, locally 80 mm), and localized thunderstorms with strong winds (level 8 to 10).According to NBC News: U.S. Senator Amy Klobuchar has won the Democratic gubernatorial primary in Minnesota.Associated Press projections indicate that U.S. Representative Tom Tiffany has won the Republican nomination for governor of Wisconsin.Xiaomi Auto: In July 2026, Xiaomi SU7 sold 21,044 units, ranking first in sales of sedans priced above 200,000 yuan for four consecutive months.According to JLC Network Technologys calculations, as of the eighth working day on August 12th, the change rate was -7.86%, with the average price of benchmark crude oil at $82.01 per barrel. Domestic gasoline and diesel prices decreased by 290 yuan/ton. The next price adjustment window is at 24:00 on August 14th. 1. Shandong Local Refineries: Yesterday, industry players were cautious about chasing higher prices. Local refineries failed to achieve production and sales balance for gasoline and diesel. However, international crude oil prices continued to rise, and local refinery inventories remained low, which is expected to support a stable market for refined oil products in Shandong today. 2. East China: On Wednesday, crude oil prices continued to rise, with positive news. It is expected that gasoline and diesel prices in East China will continue their steady upward trend today, with downstream buyers maintaining small-volume, just-in-time orders, resulting in a quiet trading environment. 3. South China: On Wednesday, international crude oil prices continued to rise, supported by positive news. It is expected that gasoline and diesel prices in South China will maintain an upward trend today, with end-users remaining cautious about chasing higher prices, resulting in a stable trading environment. 4. North China: Crude oil prices rose amid sharp fluctuations on Wednesday. It is expected that gasoline and diesel prices in North China will remain firm at high levels, with some prices trending upwards. Continued crude oil supply risks are supporting oil prices, while weak demand and declining acceptance of high-priced resources are causing traders to operate cautiously, awaiting further market developments. 5. Central China: Crude oil prices continued to rise on Wednesday, further boosted by positive news. It is expected that gasoline and diesel prices in Central China will remain firm today. However, with rising oil prices, downstream buyers risk aversion is increasing, and market transactions may not see a significant increase.

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.