empty
18.08.2023 04:23 PM
EUR/AUD: strong bullish momentum

This image is no longer relevant

The Australian dollar remains under pressure. It is weakening not only against the U.S. dollar but also against major currencies in popular cross pairs, particularly the EUR/AUD pair.

At the end of the month, fresh consumer inflation data will be released in Australia, and if it confirms a slowdown, the Reserve Bank of Australia (RBA) will likely pause interest rate hikes at its September meeting. If the interest rate is increased, it would likely be the last hike in the current cycle of tightening monetary policy by the RBA, which is expected to be a bearish factor for the Australian dollar.

This image is no longer relevant

The situation at the European Central Bank (ECB) is slightly different, with a different approach to monetary policy changes. Preliminary data shows that the Eurozone Consumer Price Index (CPI) decreased to -0.1% in July (from +0.3% previously) and +5.3% year-on-year (from +5.5% the previous month). Nevertheless, unlike the RBA, the ECB does not plan to pause its interest rate hikes, which will support the euro, economists believe. The difference in approaches to monetary policy changes will likely contribute to further strengthening of the euro against the Australian dollar.

Next Tuesday, fresh business activity indicators will be published in Australia, and on Wednesday, in Germany and the Eurozone, which could give the EUR/AUD pair a new boost.

This image is no longer relevant

Since mid-August of the previous year, EUR/AUD has been rising and continues to maintain positive dynamics, trading in a bullish market above key support levels of 1.6100 (200 EMA on the daily chart) and 1.5770 (200 EMA, 144 EMA on the weekly chart). A break above the May 2020 and this week's high at 1.7063 would open the way for the pair to rise towards the upper boundary of the upward channel on the weekly chart and levels of 1.7200 and 1.7270.

The OsMA and Stochastic indicators on the daily and weekly charts are also on the buyers' side, with the Stochastic not leaving the overbought zone, indicating a strong bullish impulse.

An alternative scenario, if it occurs, would involve a break of the crucial short-term support level at 1.6836 (200 EMA on the 1-hour chart) and a decline towards support levels of 1.6625 (200 EMA on the 4-hour chart) and 1.6550 (50 EMA on the daily chart). A deeper correction is currently unlikely.

Support levels: 1.6958, 1.6863, 1.6625, 1.6600, 1.6550, 1.6230, 1.6100, 1.6020, 1.5770

Resistance levels: 1.7060, 1.7100, 1.7200, 1.7270, 1.7300

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Bagaimana untuk Berdagang Pasangan GBP/USD pada 21 Mac? Tip Ringkas dan Analisis Dagangan untuk Pedagang Baharu

Pada hari Khamis, pasangan GBP/USD juga menunjukkan pergerakan menurun, tetapi pound meningkat dengan stabil pada malam Rabu—tidak seperti EUR/USD. Dari masa ke masa, kita melihat pound British menunjukkan ketahanan yang

Paolo Greco 05:56 2025-03-21 UTC+2

Bagaimana untuk Berdagang Pasangan EUR/USD pada 21 Mac? Petua Ringkas dan Analisis Dagangan kepada Pedagang Baharu

Analisis Dagangan Hari Khamis Carta 1-Jam pasangan EUR/USD Pasangan mata wang EUR/USD jatuh pada hari Khamis selepas keputusan mesyuarat Rizab Persekutuan diumumkan. Akhirnya, kita menyaksikan sedikit pengukuhan dolar

Paolo Greco 05:56 2025-03-21 UTC+2

Cadangan dan Analisis Dagangan untuk GBP/USD pada 21 Mac — Pound British Terus Mengejek

Pada hari Khamis, pasangan mata wang GBP/USD terus dalam sesi dagangan... Sukar untuk mengatakan arah mana yang harus dituju. Aliran menaik masih kekal, tetapi harga telah menembusi di bawah sempadan

Paolo Greco 03:03 2025-03-21 UTC+2

Cadangan Dagangan dan Analisis untuk EUR/USD pada 21 Mac — Peluang untuk Dolar?

Analisis 5-Minit pasangan EUR/USD Pada hari Khamis, pasangan mata wang EUR/USD terus mengecewakan para pedagang. Kami percaya bahawa ini bukan masa terbaik untuk berdagang dalam pasaran Forex. Gambaran teknikal bagi

Paolo Greco 03:03 2025-03-21 UTC+2

GBP/USD: Rancangan Dagangan untuk Sesi A.S. pada 20 Mac (Analisis Dagangan Pagi)

Dalam ramalan pagi saya, saya menumpukan pada tahap 1.2983 dan merancang untuk membuat keputusan perdagangan berdasarkan tahap tersebut. Melihat carta 5 minit, kita boleh menganalisis apa yang berlaku. Pecahan pada

Miroslaw Bawulski 18:25 2025-03-20 UTC+2

Bagaimana untuk Berdagang Pasangan GBP/USD pada 20 Mac? Petua Ringkas dan Analisis Dagangan kepada Pedagang Baharu

Analisis Dagangan Hari Rabu Carta 1-Jam pasangan GBP/USD Pasangan GBP/USD meneruskan pergerakan menaiknya pada hari Rabu. Selepas Rizab Persekutuan mengekalkan kadar faedah utamanya tidak berubah dan menurunkan unjuran pertumbuhan ekonomi

Paolo Greco 06:47 2025-03-20 UTC+2

Bagaimana Berdagang Pasangan EUR/USD pada 20 Mac? Tip RIngkas dan Analisis Perdagangan untuk Pedagang Baharu

Pada hari Rabu, pasangan mata wang EUR/USD diniagakan dengan sedikit penurunan, yang secara kebetulan selari dengan penutupan lebih rendah mata wang pound sterling berbanding Selasa. Pergerakan menaik kekal stabil, seperti

Paolo Greco 06:47 2025-03-20 UTC+2

Cadangan Dagangan dan Analisis untuk GBP/USD pada 20 Mac: Mesyuarat Bank of England Akan Datang

Pada hari Rabu, pasangan mata wang GBP/USD meneruskan dagangan dalam julat yang sama. Walaupun terdapat mesyuarat Fed, ucapan Jerome Powell, dan jadual titik yang dikemas kini, pasaran tidak menunjukkan sebarang

Paolo Greco 05:55 2025-03-20 UTC+2

Cadangan Dagangan dan Analisis untuk EUR/USD pada 20 Mac: Mesyuarat Fed yang Pelik

Analisis carta 5 Minit pasangan EUR/USD Pasangan mata wang EUR/USD didagangkan pada hari Rabu dengan cara yang sama seperti dalam tempoh dua minggu sebelumnya. Mesyuarat Fed hampir tidak memberi kesan

Paolo Greco 05:54 2025-03-20 UTC+2

GBP/USD: Pelan Dagangan untuk Sesi A.S. pada 19 Mac (Ulasan Dagangan Pagi)

Dalam ramalan pagi saya, saya menekankan tahap 1.2980 sebagai kawasan utama untuk membuat keputusan kemasukan pasaran. Mari kita analisis carta 5 minit untuk melihat apa yang berlaku. Penembusan dan pengujian

Miroslaw Bawulski 18:02 2025-03-19 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.