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Macro

AUD/USD Outlook (09 February 2022)Overall, AUD/USD is ranging across. Recently, AUD/USD broke the resistance zone of 0.71000. The Australian Westpac Consumer Sentiment data (Actual: -1.3%, Forecast: NA, Previous: -2.0%) released earlier today indicated a slight improvement in the surveyed consumers level of confidence on the economic conditions of Australia. AUD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.73000. Look for short-term buying opportunities of AUD/USD.
Long
by JinDao_Tai
EUR/JPY Outlook (08 February 2022)Overall, EUR/JPY is ranging across. Recently, EUR/JPY bounced down from the key level of 132. During her testimony yesterday, European Central Bank President Lagarde highlighted that the chance of inflation stabilizing at the central bank’s 2% target has increased. Currently, EUR/JPY is bouncing off the support zone of 131.500 and the next resistance zone is at 134.000. Look for buying opportunities of EUR/JPY only if it breaks above the key level of 132.
Long
by JinDao_Tai