AUDUSD Insight
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Key Points
- The Trump administration’s additional 10% universal tariff on China officially took effect on the 4th, with China immediately announcing retaliatory measures.
- Since Trump’s tariff policy is being used as a negotiation tactic, a phone call with Xi Jinping is expected soon.
- Maroš Šefčovič, the European Commission's Trade Commissioner, stated that the EU is ready to cooperate with the U.S. immediately. He expressed hope that early negotiations could prevent disruptions to the most important trade and investment relationship in the world, signaling a preemptive conciliatory gesture.
- Australia's Q4 inflation rate fell short of expectations, approaching the Reserve Bank of Australia’s target range of 2-3%. The market broadly anticipates a 0.25% rate cut at the RBA's monetary policy meeting on February 18.
Key Economic Events This Week
+ February 5: U.S. Department of Labor JOLTS, ADP Nonfarm Employment Change
+ February 6: Bank of England Interest Rate Decision
+ February 7: U.S. January Nonfarm Payrolls, Unemployment Rate
AUDUSD Chart Analysis
After a recent sharp decline, the AUDUSD fell to the 0.61000 level but has rebounded steeply with support from the trendline. The next resistance is around the 0.63000 level, but since this has already been breached once, it is expected to break through easily. The upward trend is likely to continue toward the 0.64000 level. However, a reversal is anticipated around this range, potentially driving the price back down to the 0.60000 level.
If movements differ from these expectations, we will quickly adjust our strategy.
Please share your personal opinions in the comments. Don’t forget to hit the like button and subscribe!
Key Points
- The Trump administration’s additional 10% universal tariff on China officially took effect on the 4th, with China immediately announcing retaliatory measures.
- Since Trump’s tariff policy is being used as a negotiation tactic, a phone call with Xi Jinping is expected soon.
- Maroš Šefčovič, the European Commission's Trade Commissioner, stated that the EU is ready to cooperate with the U.S. immediately. He expressed hope that early negotiations could prevent disruptions to the most important trade and investment relationship in the world, signaling a preemptive conciliatory gesture.
- Australia's Q4 inflation rate fell short of expectations, approaching the Reserve Bank of Australia’s target range of 2-3%. The market broadly anticipates a 0.25% rate cut at the RBA's monetary policy meeting on February 18.
Key Economic Events This Week
+ February 5: U.S. Department of Labor JOLTS, ADP Nonfarm Employment Change
+ February 6: Bank of England Interest Rate Decision
+ February 7: U.S. January Nonfarm Payrolls, Unemployment Rate
AUDUSD Chart Analysis
After a recent sharp decline, the AUDUSD fell to the 0.61000 level but has rebounded steeply with support from the trendline. The next resistance is around the 0.63000 level, but since this has already been breached once, it is expected to break through easily. The upward trend is likely to continue toward the 0.64000 level. However, a reversal is anticipated around this range, potentially driving the price back down to the 0.60000 level.
If movements differ from these expectations, we will quickly adjust our strategy.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.