USDX
101.798

0.08%

XAUUSD
1933.40

0.28%

WTI
79.586

0.11%

EURUSD
1.08768

0.08%

GBPUSD
1.24010

0.07%

USDJPY
129.410

0.30%

USNDAQ100
12129.52

0.31%

Global Markets

News
Columns

Topics Columnists

Trending Topics

Russia-Ukraine Conflict

The war between Russia and Ukraine continues, and it is difficult for the two sides to reach an agreement in negotiations. Western countries have imposed several rounds of sanctions on Russia. The outlook is unpredictable.

Situation in Taiwan Strait

Pelosi's visit to Taiwan has led to an escalation of tensions in the Taiwan Strait. Chinese Foreign Ministry spokesperson Hua Chunying said that the U.S. side and the "Taiwan independence" separatist forces colluded to provoke China, which is the fundamental reason for the tensions in the Taiwan Strait.

The Fed

The Federal Reserve (Fed), or the central bank of the United States, is responsible for regulating the U.S. monetary policy and interest rates. As a provider of liquidity for world trade, the Fed is also known as the world's central bank. Its every move affects the global economy and financial markets.

China-U.S. Relations

Focus on Pelosi's Taiwan Visit ! How will China-U.S. relations develop in the future, win-win cooperation or confrontation?

Top Columnists

FastBull Featured

The latest breaking news and the global financial events.

FastBull

Hi there! Are you ready to get involved into the financial world?

Devin Wang

I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.

Winkelmann

7 years of stock market, foreign exchange, precious metal and other trading and analysis experience, based on fundamental, technical support, biased towards the top-down transaction logic, focusing on macro cycle and risk control, multi-purpose supply and demand theoretical prediction price Changes, balances the impact of transactions, chips distribution and market sentiment, and steady.

7x24
Economic Calendar
Quotes

Videos

Trading AcademyTradersDaniel Market Outlook

Latest Update

Follow the Trend? Or Wait?

Crypto Market had a recovery, Bitcoin has up about 39% since Jan, Ethereum has reached the 16k level. Is it good time to follow the trend and buy?

BTC Reaches $21k, Time to Buy? Let’s Do a Statistic Analysis!

Bitcoin recently topped the $21k level. Is it still a good time to buy? Let's do a quick analysis to show you.

FTX’s Customer Recovery Plan

FTX attorney Andy Dietderich claimed FTX has recovered over $5B dollars in cash. Will victims recover their losses soon? Will SBF be responsible for FTX's collapse?

McKinsey’s Report | What Are the Industries Will Adopt Metaverse?

McKinsey reported that metaverse possibly create $5T in value by 2030. Which industry will be impacted the most? How many people would like to take this transition from their real life to metaverse?

Data

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Asset Correlation

Popular Indicators

Analysis
AI Signals

Trading Signals

Recommended Signals

Pro
Recent Searches
Trending Searches
Quotes
7x24

View All

No data

Login

Sign Up

Membership
Quick Access to 7x24 Real-Time Quotes
Upgrade to Pro

--

  • My Favorites
  • Following
  • My Subscription
  • Profile
  • Orders
  • FastBull Pro
  • Account Settings
  • Sign Out

Scan to download

Faster Financial News and Market Quotes

Download App
Reminder Settings
  • Economic Calendar
  • Market Quotes

Reminders Temporarily Unavailable

I have a redeem code

Rules for using redeem codes:

1.The activated redeem code cannot be used again

2. Your redeem code becomes invalid if it has expired

Redeem
Fastbull Membership privileges
Quick Access to 7x24
Quick Access to More Editor-selected Real-time News
Real-Time Quotes
View more faster market quotes
Upgrade to FastBull Pro
I have read and agreed to the
Pro Policy
Feedback
0 /250
0/4
Contact Information
Submit
Invite Friends

AUDUSD: Momentum Indicators Not Giving Directional Signals, With Buying Low and Selling High Recommended

Forex MarketInflation and Recession
Summary:

The monthly inflation report showed that CPI fell to 6.9% in November, although the quarterly inflation data had a greater impact. The market is looking for some clues as to when the Reserve Bank of Australia may end its current tightening cycle. At its December meeting, the RBA raised interest rates by a modest 25 basis points for the third consecutive time.

Buy AUDUSD
End Time
CLOSED

0.67000

ENTRY PRICE

0.68660

TGT PRICE

0.66500

SL PRICE

0.70909 -0.00150 -0.21%

1028

Points

Profit

0.66500

SL PRICE

0.68028

CLOSING

0.67000

ENTRY PRICE

0.68660

TGT PRICE

Fundamentals

The Reserve Bank of Australia raised interest rates by 25 basis points at its December meeting, in line with market expectations. It also hinted at a possible further tightening of monetary policy. Thus, while the RBA was expected to signal a pause in rate hikes, that expectation did not materialize.
In this respect, this interest rate decision was tougher than expected. However, it could not benefit the Australian dollar. This is because the ensuing statement supports the market's basic expectation that the RBA will ease policy soon. Whether the RBA will ease policy later than expected should not have much impact on the foreign exchange market. In this regard, the RBA's monetary policy should not continue to provide much support for the Australian dollar.
With the next interest rate meeting not due until late February, it is now the waiting time for the Reserve Bank of Australia. Inflation remains the RBA's top priority, but policymakers are aware of the difficulties rising interest rates are causing businesses and households. If there is some downward trend in inflation in the coming months, we can expect the RBA to raise rates again by 50 basis points in February, or perhaps even pause. Inflation expectations fell from 6.0% to 5.2% in November, which could indicate that inflation is finally moving lower.
AUDUSD: Momentum Indicators Not Giving Directional Signals, With Buying Low and Selling High Recommended_1

Technical Analysis

AUDUSD stood firm near its uptrend line from two months ago last week and adjusted higher to test the 0.6800 level on Wednesday. Nevertheless, the pair is expected to end its four-day uptrend on Thursday as it is continuing its move lower from a one-week high of 0.6800 and extending its decline to a one-week low of 0.6710 in the early European session.
In the short term, despite the pair's recovery, the 38.2% Fibonacci retracement level of the 0.7660 - 0.6169 downtrend and the 20-day SMA limit the bulls to around 0.6740 for the eighth consecutive session.
Momentum indicators are not giving directional signals. The RSI is hovering in the 50 neutral zone and the MACD is clearly flattening on its 0-axis. That said, a downside move is more likely than an upside move as long as prices remain trading within the lower Bollinger band area.
If the trend line is broken near 0.6700, prices could fall toward the 50-day SMA at 0.6625. Further selling pressure could intensify at the neckline of the head-and-shoulders top pattern at 0.6520, where the 23.6% Fibonacci retracement level is located. A bigger drop to the 0.6460 level would inspire strong concern.
But on the bright side, prices could pull back to the 0.6629-0.6800 pivot point and then move slightly higher before continuing into an oscillating consolidation.
Overall, AUDUSD remains neutral in the 0.6700-0.6740 range. While a bullish breakout could attract fresh bulls, a stronger rally above 0.7000 is needed to escalate the short-term outlook. It is recommended to buy low and sell high.

Trading Recommendations

Trading Direction: Long
Entry Price: 0.6700
Target Price: 0.6866
Stop Loss: 0.6650
Valid Until: 2023-01-12 23:55:00
Support: 0.6682, 0.6672, 0.6650
Resistance: 0.6730, 0.6755, 0.6765
Risk Warnings and Investment Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or signal, or any other product is suitable for you based on your investment objectives and financial situation.

Quick Access to 7x24

Quick Access to More Editor-selected Real-time News

Full Access to Pro Video Channel

FastBull project team is dedicated to create exclusive videos

Real-Time Quotes

View more faster market quotes

More comprehensive macro data and economic indicators

Members have access to entire historical data, guests can only view the last 4 years

Member-only Database

Comprehensive forex, commodity, and equity market data

Eva Chen

Analyst

Master of Economics, 8 years in the financial industry, CFA holder, joined HSBC (Hong Kong) Bank in 2013 after graduating from the University of California, USA in the Investment Research and Markets Department. With years of financial market experience and trading experience, having provided excellent investment advice to many brokerages, entity derivatives importers and clients in Greater China.

Rank

5

Articles

480

Win Rate

65.12%

P/L Ratio

0.62

Focus on

XAUUSD, WTI, USDCAD

Related Analysis

WTI: Bulls Are Gathering, Buying Dips Recommended

TRADING

AUDUSD: Bullish Momentum Remains Absolutely in Control Despite Bull Stagnation

TRADING

DJIA: Strong Sell-off May Stop While Bottom Support Not Solid

PROFIT +11489 Points

WTI: Trend Rally Not Yet Over, Oil Price Correction May Limited

PROFIT +1690 Points

DJIA: It Is Recommended to Go Long at the Lows as U.S. Stocks Diverged

LOSS -32089 Points
FastBull
English
English
简体中文
繁體中文
العربية
Telegram Instagram Twitter App Store App Store App Store Google Play
Copyright © Fastbull Ltd
Home News Columns AI News Economic Calendar Quotes Videos Data Warehouse Analysis AI Signals Pro User Agreement Privacy Policy About Us

Risk Disclosure

The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.