EUR/USD 1.17883
0.008%
Gold 3330.07
0.821%
Oil 64.179
-0.356%
USD/JPY 143.630
-0.289%
GBP/USD 1.37448
0.103%
GBP/JPY 197.421
-0.138%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 1, Li Bin, founder, chairman and CEO of NIO, said on social media that the NIO World Model NWM has been pushed to ET9, new ES6, new EC6, new ET5 and new ET5T. This indicates that the application performance of the worlds first automotive-grade 5nm intelligent driving chip Shenji NX9031 developed by NIO has reached the design goal. The performance of a single Shenji NX9031 is equivalent to four NVIDIA Orin-X chips. The use of the Shenji NX9031 chip in vehicles will bring about a cost optimization of about 10,000 yuan per vehicle, significantly improving the gross profit margin of NIO vehicles.Tesla (TSLA.O) shares fell more than 7% in overnight trading in the U.S., and Trump posted that perhaps the Department of Government Efficiency should take a closer look at the subsidies received by Musk and his company.ECB board member Simkus: Inflation outlook remains fragile.ECB board member Simkus: The risk of inflation being lower than expected is greater than the risk of being higher than expected.Futures July 1, Economies.com analysts latest view today: Spot gold prices have continued their gains in recent intraday trading, reaching the top of the downward correction channel that limited its previous trend on a short-term basis, and trying to break through this range. Despite the increase in prices, negative pressure remains as trading continues below its EMA50 and (RSI) reaches overbought levels, which may put prices at risk of profit-taking or corrective pullbacks in the short term.

AUD/USD RBA Continuation of the upswing is predicated upon breaching the 0.7045-50 resistance area

Daniel Rogers

Aug 02, 2022 15:08

 截屏2022-08-02 上午9.52.31.png

 

The MACD and RSI indicators favor purchasers, but the RBA controls the market. AUD/USD trades between 0.7025 and 0.7030 during the midday Asian session on Tuesday. Traders anticipate the Reserve Bank of Australia's (RBA) Interest Rate Decision as the Aussie pair flirts with a significant northward resistance level.

 

In addition to the confluence of the 100-day exponential moving average (EMA) and the downward sloping trend line from April 20, AUD/USD bulls face the risk that the RBA may refrain from making too aggressive statements due to widespread recession concerns.

 

Notably, the early MACD signals and the RSI (14), which are not overbought, encourage AUD/USD buyers. Continuous trading above April's downward-sloping resistance line, which is currently 0.6910 support, is on the same line.

 

Should the downward swings push the quote below 0.6910, the mid-June and May lows of 0.6850 and 0.6830, respectively, will test the pair's further slide before reversing to the yearly low of 0.6680.

 

In contrast, a successful break over the 0.7050 resistance level requires confirmation from the June 16 swing high around 0.7070 prior to driving AUD/USD prices towards the 50 percent and 61.8 percent Fibonacci retracement levels of the April-July drop, near 0.7175 and 0.7300, respectively.


Suggestion