26 Nov, 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:
The yen strengthened at the start of the new week amid uncertainty and risk appetite from the Bank of Japan, sending USD/JPY down to around 154.00. The nomination of U.S. Treasury Secretary triggered a sharp drop in U.S. Treasury yields. That, in turn, prompted traders to trim long positions after the dollar's recent rise to two-year highs and fueled some inflows into the lower-yielding yen.
Trend Analysis:
We can see USD/JPY fluctuated and rebounded, but still ran below the 48 hours moving average on H4 chart. In addition, the MACD double line and energy bar further shrinks below the zero axis. The buy limit could be placed, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [152.00]
Key Resistance Levels: [155.70]
Pivot Points [153.00]
2. AUD/USD Analysis:
News Summary:
Economists and money markets have been slowly abandoning expectations that the Reserve Bank of Australia will cut interest rates at its first policy meeting of 2025 in February next year. If monthly inflation data for October released on Wednesday surprises to the upside, more economists may abandon calls for a rate cut in February. JPMorgan economists said that the CPI index may fall by 0.3% month-on-month, which is consistent with the annual inflation rate rising by 0.1% to 2.2% year-on-year.
Trend Analysis:
We can see AUD/USD H4 level fluctuated downwards and ran below the 48 hours moving average. On the other hand, the MACD double line and energy bar begins to expand near the zero axis. The sell limit could be employed, stop loss is mandatory.
Today's Key Price Levels:
Key Support Levels: [0.6410]
Key Resistance Levels: [0.6570]
Pivot Points [0.6530]