EUR/USD 1.18208
0.563%
Gold 4981.50
0.923%
Oil 61.059
2.474%
USD/JPY 155.813
-1.645%
GBP/USD 1.36362
0.994%
GBP/JPY 212.474
-0.652%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
January 25th - The Fourth Session of the 16th Beijing Municipal Peoples Congress convened. The meeting revealed that Beijing has over 1.3 million new energy vehicles, with over 80% of them meeting or exceeding the "National V" emission standard. Data shows that by 2025, Beijing will implement a policy to scrap and replace old freight vehicles and large and medium-sized buses with emission standards of National IV and below, leading to the elimination of over 10,000 old freight vehicles; 500 new energy buses have been registered; and all newly added and updated taxis, light postal vehicles, and sanitation vehicles are new energy vehicles. Beijing has already built 1,044 electric vehicle supercharging stations and added 11,263 charging interfaces.January 25th – The first meeting of the third council of the China Brand Building Promotion Association was held in Beijing on January 25th. The meeting pointed out that brand building is an important component of enhancing enterprises core competitiveness, a crucial measure for cultivating and strengthening new drivers of economic development, and an inherent requirement for meeting the peoples needs for a better life. The China Brand Building Promotion Association must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and its subsequent plenary sessions, implement General Secretary Xi Jinpings important instructions on brand building, and follow the deployment of the Party Group of the State Administration of Radio and Television. It must deeply implement the brand development strategy, strengthen special research and experience exchange on brand building, strengthen brand theory research and talent cultivation, strengthen brand evaluation and standard construction, strengthen brand promotion and international cooperation, create a favorable environment for brand development, continuously enhance brand competitiveness, influence, and internationalization, promote my countrys brand building cause to a new level, and make new contributions to promoting high-quality economic development.Saudi government data: Saudi Arabias imports fell 0.2% in November.Saudi government data: Saudi non-oil exports grew by 20.7% in November.Saudi government data: Saudi Arabias exports grew by 10.0% in November, with oil exports increasing by 5.4%.

AUD/USD The 20-day exponential moving average (EMA) will continue to serve

Daniel Rogers

Jul 12, 2022 14:45

 截屏2022-07-12 上午9.51.02.png

 

The movement of the AUD/USD pair is volatile during the Asian session. The asset was auctioned in the region of 0.6732 to 0.6746 with a sluggish increase in the US dollar index (DXY). Monday saw little improvement in the major as it lost the important support level of 0.6760. The asset's value dropped to 0.6716, a fresh two-year low.

 

The Darvas Box pattern breaks, increasing the volatility of the counter. The aforementioned chart pattern has grown since July's first trading session inside a wider range of 0.6761-0.6900.

 

Negative filtering is strengthened around 0.6827 by a bearish cross of the 20-period and 50-period Exponential Moving Averages (EMAs).

 

Further losses are expected as the Relative Strength Index (RSI) (14) has shifted into the negative territory between 20.00 and 40.00. There are no divergence or oversold circumstances present in the momentum oscillator RSI (14) reading.

 

The dollar bulls will push the asset to its 29 May 2020 top of 0.6683 if it drops below Monday's low of 0.6713. If the latter limit is crossed, the asset will reach its top on April 30, 2020, at 0.6570.

 

In contrast, if the asset breaks beyond the July 5 high of 0.6896, the dollar bulls may lose their grip. A similar occurrence would drive the asset to its peak on June 30 at 0.6920 and then to its peak on June 28 at 0.6965.


Suggestion