HomeForex MarketEach day Foreign exchange Information and Watchlist: AUD/USD

Each day Foreign exchange Information and Watchlist: AUD/USD

Who else is watching AUD/USD’s downtrend?

In case you are, then you definately’ll know that the pair simply received rejected at a development line resistance!

Earlier than shifting on, ICYMI, yesterday’s watchlist checked out AUD/JPY breaking beneath a triangle sample. Remember to try if it’s nonetheless a legitimate play!

And now for the headlines that rocked the markets within the final buying and selling classes:

Recent Market Headlines & Financial Information:

NAHB housing market index dips from 79 to 77, down for the fourth month in April

Fed’s Bullard needs to get charges as much as 3.5% by yr finish

Zelensky: Russia’s offensive on japanese Ukraine has begun

RBNZ Gov. Orr: “We count on to be doing extra charge rises over coming quarters”

BusinessNZ: NZ companies sector climbed from 48.9 to growth territory (51.6) in March

RBA minutes: Larger inflation and wage development have “introduced ahead” the timing of first charge hike

Asian shares in defensive temper as China slowdown, charge hikes loom

Oil unstable as Libya outage fuels provide woes, Shanghai prepares to reopen

European shares fall as Ukraine disaster, Fed tightening worries weigh

Canada’s housing begins at 12:15 pm GMT
U.S. housing begins and constructing permits at 12:30 pm GMT
SNB Chairman Jordan to make a speech in DC at 4:30 pm GMT
Japan’s commerce stability at 11:50 pm GMT
AU MI main index at 12:30 am GMT (Apr 20)

Use our new Forex Warmth Map to rapidly see a visible overview of the foreign exchange market’s worth motion! 🔥 🗺️

What to Watch: AUD/USD

AUD/USD 1-hour Foreign exchange Chart

We didn’t see lots of top-tier financial releases through the Asian session, however high-yielding bets like AUD discovered demand from merchants getting back from their prolonged weekends and the PBoC pledging to help the financial system additional.

AUD/USD’s intraday rally stopped at .7400, nonetheless, as merchants started to cost in an uber hawkish Fed, Russia’s offensive in japanese Ukraine, and China reporting extra COVID-related deaths in Shanghai.

It additionally didn’t assist that AUD/USD was knocking on the 1-hour chart’s 100 SMA and a development line resistance that had been holding since early April.

Deal with bearish headlines may lengthen AUD/USD’s downtrend and drag the pair to its April lows or new month-to-month lows.

If European and U.S. merchants getting back from their prolonged weekend interprets to risk-taking, although, then AUD/USD may break above the development line and revisit earlier areas of curiosity like .7475 or .7515.

What do you assume? Which manner will AUD/USD go at this time?

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