Every day Foreign exchange Information and Watchlist: AUD/USD

The RBA simply introduced a bigger than anticipated hike as we speak!

Can this be sufficient to maintain the uptrend on AUD/USD?

Earlier than shifting on, ICYMI, yesterday’s watchlist checked out the uptrend on AUD/USD ahead of the RBA decision. Make sure to take a look at if it’s nonetheless a legitimate play!

And now for the headlines that rocked the markets within the final trading sessions:

Recent Market Headlines & Financial Information:

RBA hiked rates of interest by 0.50% to 0.85%

RBA assertion highlighted sturdy inflation and resilience of Australian financial system

RBA officers expressed considerations on family spending and home costs

BOJ head Kuroda: Now is just not the time for an exit technique

Kuroda: Huge JPY decline is destructive for the financial system

New Zealand ANZ commodity costs sink by 2.8%, following earlier 1.9% stoop

German manufacturing unit orders tumbled by 2.7% vs. estimated 0.4% uptick

SNB international foreign money reserves unchanged at 925 billion CHF

Canadian Ivey PMI at 2:00 pm GMT
Treasury Secretary Yellen’s speech at 2:00 pm GMT
New Zealand GDT public sale developing
U.S. shopper credit score knowledge at 7:00 pm GMT

Use our new Currency Heat Map to rapidly see a visible overview of the foreign exchange market’s value motion! 🔥 🗺️

What to Watch: AUD/USD

I’ve nonetheless acquired my eye on AUD/USD for as we speak!

This time, I’m staying looking out for a possible channel breakdown, even after the RBA introduced a bigger than anticipated price hike.

You see, the pair acquired a fast enhance throughout the occasion, however the rally was short-lived. Might or not it’s that market watchers are not anticipating extra RBA hikes quickly?

In any case, I’m nonetheless ready on extra affirmation for an uptrend continuation or reversal. A transfer above the realm of curiosity across the .7200 deal with might verify that the rally might resume and take AUD/USD again to the channel prime quickly.

Technical indicators appear to be pointing to extra features, because the 100 SMA is above the 200 SMA to mirror bullish momentum. As well as, the 200 SMA held as dynamic support close to the channel backside.

On the similar time, Stochastic is pulling larger from the oversold area to point that consumers are returning whereas sellers take a break.

There’s not a lot in the best way of top-tier knowledge from the U.S. as we speak, although, so AUD/USD value motion might additionally hinge on risk appetite. Good luck on the market!

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