AUDNZD Price Analysis: Shooting Star below 200-DMA indicates more weakness ahead – by Sagar_Dua24 ChartPatterns Candlesticks AUDNZD Momentum Inflation
In the Tokyo session, the University of Melbourne released the Australian Consumer Inflation Expectations at 6.0% against the projections of 5.7%. It seems that a slowdown in the rate hike pace by the Reserve Bank of Australia has resulted in higher short-term inflation expectations.
Also, the Relative Strength Index is oscillating in a bearish range of 20.00-40.00, which indicates that the downside momentum is intact. Going forward, a downside break of Wednesday’s low at 1.0906 will activate the Shooting Star formation and will drag the asset towards Friday’s low at 1.0877, followed by August 25 low at 1.0825.
On the contrary, the Aussie bulls will regain strength if the cross surpasses Wednesday’s high at 1.0971. This will drive the asset toward the psychological resistance of 1.1000 and August 19 low at 1.1046.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUDUSD Price Analysis: Eases below 0.6500, inverse H&S in focusAUDUSD Price Analysis: Eases below 0.6500, inverse H&S in focus – by anilpanchal7 AUDUSD Technical Analysis ChartPatterns SupportResistance Majors
Read more »
USDCHF Price Analysis: Drops below parity, extending its losses towards the 50-DMAThe USDCHF tumbles for the second straight day and falls beneath the 50-day Exponential Moving Average (EMA) as the American Dollar gets battered acro
Read more »
EURGBP Price Analysis: Consolidation above 0.8700 with upside attempts capped below 0.8745The euro has found support at 0.8700 after Monday’s rejection at 0.8790 and the pair has remained consolidating for most of the day, with upside attem
Read more »
USDCHF Price Analysis: Recovery remains elusive below 0.9945 resistance confluenceUSDCHF Price Analysis: Recovery remains elusive below 0.9945 resistance confluence – by anilpanchal7 USDCHF Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »
USDJPY Price Analysis: Struggles near two-week low, bears await break below 145.00 markUSDJPY Price Analysis: Struggles near two-week low, bears await break below 145.00 mark – by hareshmenghani USDJPY Fed BOJ Technical Analysis Currencies
Read more »
EURJPY Price Analysis: Further consolidation appears likely below 147.00EURJPY loses further momentum following the rejection from the 147.00 neighbourhood earlier in the week. The cross seems to have embarked on a consoli
Read more »