Introduction: Welcome to our daily technical analysis of the financial markets, focusing today on USD/JPY and AUD/USD. Let's dissect the latest news, market trends, and crucial price levels to watch out for.
1. USD/JPY Analysis:
News Summary:
Japanese government bonds could face further selling pressure. Although the Prime Minister has retained his position for now after a historic election defeat and the initial market reaction on Tuesday may be blurred by the rebound in global bond markets, the outlook for government bonds is worrying. Stocks remain constrained by tariff threats, while the yen faces downside risks due to the possibility of increased government spending. Any policy concessions could quickly translate into higher bond yields.
Trend Analysis:
We can see USD/JPY fell and rebounded at H4 level, but it is still running below the 48 hours moving average. In addition, the MACD double line and energy bar converge near the zero axis. The buy limit could be placed, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [146.50]
Key Resistance Levels: [148.70]
Pivot Points [147.00]
2. AUD/USD Analysis:
News Summary:
The minutes of the RBA meeting showed that the committee agreed that further rate cuts were reasonable over time, with the focus on timing and the extent of easing. The committee considered whether to keep the interest rate unchanged at 3.85% or cut it by 25 basis points. The minority of views that support rate cuts are more concerned about the downside risks to the economic outlook and inflation; but it is difficult to judge to what extent the interest rate can fall, and after falling to a certain level, the policy will no longer be contractionary, so caution is needed.
Trend Analysis:
We can see AUD/USD oscillates and runs near the 48 hours moving average on H4 chart. On the other hand, the MACD double line and histogram bar shrink near the zero axis. The sell limit could be set, stop loss is mandatory.
Today's Key Price Levels:
Key Support Levels: [0.6440]
Key Resistance Levels: [0.6600]
Pivot Points [0.6550]
