04 Dec, 2024
5 minutes
Daily Technical Analysis：USD/JPY、AUD/USD
Welcome to our daily technical analysis of the financial markets, focusing today on USD/JPY and AUD/USD. Let's dissect the latest news, market trends, and crucial price levels to watch out for.
1. USD/JPY Analysis:
News Summary:
Investors shouldn't expect Japan's inflation to ease anytime soon. With the yen set to remain weak for longer, wage talks next spring will produce another strong pay rise and underlying inflation is expected to remain above the bank's 2% target for much of next year. By mid-2026, the Bank of Japan will raise interest rates to 1.25% above market consensus. There may be some headwinds next year, including a strengthening yen, tightening of monetary policy by the Bank of Japan and additional tariffs by the United States.
Trend Analysis:
We can see USD/JPY H4 level fell and rebounded and is still running below the 48 hours moving average. In addition, the MACD energy column and double line gradually expands below the zero axis. The buy limit could be placed, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [148.70]
Key Resistance Levels: [152.10]
Pivot Points [149.40]
2. AUD/USD Analysis:
News Summary:
The Reserve Bank of Australia may cut the official cash rate sooner than expected. Across a range of indicators, Australia's inflation rate has returned to levels consistent with the central bank's target. However, the RBA needs to be confident that this situation is sustainable and looks to the quarterly average inflation rate as the best way to smooth out any noise. The average inflation rate has been moving closer to the target. Calculated at a six-month annualized rate, the next data will fall in the 2%-3% range.
Trend Analysis:
We can see AUD/USD fluctuated and fell back and ran below the 48 hours moving average on H4 chart. On the other hand, the MACD double line and energy bar further expands below the zero axis. The sell limit could be used, stop loss is mandatory.
Today's Key Price Levels:
Key Support Levels: [0.6350]
Key Resistance Levels: [0.6500]
Pivot Points [0.6470]