Dolar Australia menguat tipis di awal perdagangan akhir pekan ini, namun masih dalam tren penurunan. Pasar diperkirakan sepi karena memperingati Jumat Agung. Dolar AS menguat karena data ekonomi AS menunjukkan ekspansi,
Trade of The Week: AUDNZD Trade Breakdown
Diperbarui • 2024-03-25
The Australian Dollar (AUD) rebounds on Monday, despite a slight dip in the US Dollar (USD) and higher US Treasury yields. Investors are eyeing Australian monthly Consumer Price Index (CPI) data for February and US Gross Domestic Product (GDP) for Q4 2023. The AUD gains momentum as the ASX 200 Index rises, especially in mining and energy sectors. Additionally, the Aussie Dollar gets support from a stronger Chinese Yuan (CNY) as the People's Bank of China (PBoC) sets the yuan's mid-rate higher than expected. Meanwhile, the US Dollar Index (DXY) corrects after hitting a five-week high, possibly due to expectations of the Federal Reserve (Fed) easing cycle starting in June. Fed Chair Jerome Powell has downplayed inflation concerns, indicating a cautious approach to policy adjustments.
AUDNZD - W1 Timeframe
After breaking below the previous low on the weekly timeframe chart as shown above, we see price climb back up towards the 88% of the Fibonacci retracement; creating a QMR pattern - an even deeper confirmation for a price reversal.
AUDNZD - D1 Timeframe
Taking a closer look at the AUDNZD price action from the daily timeframe point of view shows even more clearly the QMR pattern as mentioned earlier. The bearish array of the moving averages indicates the likelihood of price to reverse from the supply zone. The presence of the trendline resistance lends even further confirmation to the bearish sentiment; making it my favourite trade idea of the week.
Analyst’s Expectations:
Direction: Bearish
Target: 1.06953
Invalidation: 1.09432
CONCLUSION
The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.
You can access more of such trade ideas and prompt market updates on the telegram channel.
Menyerupai
Pasar saham Asia memiliki sentimen sideways dengan bias bearish pada perdagangan Kamis (28/03/2024), karena adanya sentimen ketidakpastian menjelang data indeks harga PCE AS..penjualan ritel Australia dirilis lebih kecil dari perkiraannya.
Pasar saham Asia sebagian besar jatuh pada perdagangan Selasa (19/03/2024), di tengah kekhawatiran yang terus-menerus mengenai pertemuan bank sentral..Bank sentral Australia (RBA) mempertahankan suku bunga stabil pada hari Selasa dan mengurangi
Berita terbaru
Yen Jepang gagal memikat para investor pada perdagangan Selasa (02/04/2024) meski ada peluang atas kemungkinan intervensi dan..Sentimen penghindaran risiko masih berpotensi memberikan kekuatan pada safe-haven
XAUUSD naik ke rekor tertinggi baru pada perdagangan Senin (01/04/2024), di tengah meningkatnya spekulasi penurunan suku bunga..melanjutkan kenaikan kuat minggu lalu hingga membentuk level puncak baru sepanjang masa
Pasar saham Asia sebagian masih libur dan sebagian lagi menguat pada perdagangan Senin (01/04/2024), karena optimisme data pabrikan Tiongkok mendukung..potensi intervensi otoritas Jepang terhadap yen Jepang diperkirakan berada di zona 152 – 155 yen.