malaysia forex trading time–HXFXglobal reminds you:
Capital Flows-Back To USD For Risk-Aversion, AUDUSD Teeters
RBA Apt Dove Impacting AUD, FED Sent Hawk. AUDUSD Forecast To Depreciate
Aggressors are suggested to consider marginal Short above 0.71364, Target 0.71041, Stop-Loss by 0.71537.
Non-Aggressirs are advice to wait for better timing to enter.
During today’s Asian session, AUDUSD dips to around -0.20% then fluctuates. The U.S. Government said on Friday that Russia would highly likely to invade Ukraine in the near future and called on U.S. citizens to evacuate the country as soon as possible. Tensions on the border between Russia and Ukraine escalated, and funds fled to the USD for safehaven, boosting the USD to appreciate. Coupled with the rebound in US bond yields in earlier today, USD rose and keep it’s strong pattern. In contrast to the AUD, which was hammered as the Reserve Bank of Australia’s(RBA) dovish stance drifted away from the Fed’s tightening hawk, as RBA Governor Philip Lowe pledged to be patient in assessing inflation. In addition on the surge in the number of cases in Australia’s Omicron, and the impact of rising tensions on the border between Russia and Ukraine, AUD was under severe pressure and weakening. The Bearish trend in AUDUSD remains unchanged towards South.
In 4Hrs range, (5,10,20)Tri-MAs declines and aligned to Bear. Candlestick sunk below Tri-MAs with vacillations. MACD’s negative column enlarged. KD sliding downward. In brief, AUDUSD’s short-term Bearish outlook is confirmed after refering to technical analysis.
(Information above is purely personal opinion, and doesn’t represent the platform’s standpoint. This opinion can only be use as reference)
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