Australia's Central Bank Pressure On Australian Dollar

On Tuesday Beijing time 11:30, the RBA interest rate resolution remained unchanged, with a forecast value of 2.50% and a pre value of 2.50%. Subsequently, the RBA issued a statement saying that it would maintain interest rates unchanged for a period of time, and inflation is expected to meet the objectives in the next two years. China's economic growth is consistent with policymakers' goals, and the growth rate in February may have slowed down. Continued easing policy should support demand. The RBA says the Australian dollar is still at a record high. The recent increase in the Australian dollar will not be conducive to helping the economy recover, and the demand for employment market is still weak. The unemployment rate is expected to increase slightly in the near future. The RBA says credit Growth has been rising slowly, and wage growth has declined significantly.

On Tuesday, Beijing time 15:55, Germany announced unemployment rate data, 3 after the monthly adjustment, the unemployment rate was 6.7%, 6.8%, and the former value was revised from 6.8% to 6.7%. 3 the number of unemployed people after the monthly adjustment is -1.2 million, which is expected to be -1.0 million. The former value is revised from -1.4 million to -1.5 million. The unemployment rate dropped to its lowest level since the unification of Germany in 1989.

The Bank of England said on Tuesday that FPC members were worried that market sentiment might not be fully reflected. monetary policy The normalization process.

　　 US dollar index Tuesday was the highest of 80.13, the lowest 79.97, closing at 80.08.

The US dollar index remained at a narrow trend of 79.97-80.13 yesterday, still hampered by the 50MA position of the daily chart. The closing price of the chart remained above 10MA and 25MA, and 10MA has moved up to 80.07, which is quite close to today's 50MA position 80.25. Today, the US dollar index has a great chance to maintain a narrow trend in 80.00-80.25. Markets are waiting for the ECB to announce interest rate decisions and guidelines on Thursday. The US dollar index will have a great chance to rush out of a narrow range of turbulence on 9 trading days on Thursday.

The US dollar index today's main resistance is 80.30, with an important support of 79.91.

The euro was the highest on Tuesday against the US dollar, with a minimum of 1.3767, closing at 1.3792.

The euro rebounded against the US dollar yesterday, again being blocked by 25MA 1.3815 of the daily chart. Today, the euro area will announce the monthly rate and annualized rate of producer price index in February at 17:00 Beijing time. The United States will also announce the number of ADP employment data at 20:15 Beijing time, and the euro area will expand with the US dollar today.

The euro stood at the top of the 10MA chart against the US dollar, and the golden thread appeared on the KD line. The euro price should be upward. However, the euro was still blocked by the 1.3800 pass and 25MA position against the US dollar. The euro is expected to be blocked by 1.3815 after the US dollar is blocked today, and the trend will turn around to test the 1.3735-1.3750 support area.

The euro's resistance against the dollar today is 1.3815, with an important support of 1.3735.

The Australian dollar rose to 0.9300 on Tuesday, the lowest of 0.9225, closing at 0.9247.

On Tuesday Beijing time 11:30, the RBA interest rate resolution remained unchanged, with a forecast value of 2.50% and a pre value of 2.50%. Subsequently, the RBA issued a statement saying that it would maintain interest rates unchanged for a period of time, and inflation is expected to meet the objectives in the next two years. China's economic growth is consistent with policymakers' goals, and the growth rate in February may have slowed down. Continued easing policy should support demand. The RBA says the Australian dollar is still at a record high. The recent increase in the Australian dollar will not be conducive to helping the economy recover, and the demand for employment market is still weak. The unemployment rate is expected to increase slightly in the near future. The RBA says credit growth has been rising slowly and wage growth has declined significantly. Recent information indicates strong growth in housing construction.

After the Australian Federal Reserve's interest rate resolution statement, the Aussie dollar went against the US dollar and the 250MA and the 0.9300 pass were blocked. The Aussie dollar against the US dollar was blocked from last Friday to Tuesday. 250MA, RSI and KD lines showed a downward trend. The Aussie dollar rebounded from 0.8656 to yesterday's high level of 0.9300. The short-term trend is peaked. Unless the Australian dollar breaks through the 250MA and 0.9300 resistance positions, its short-term trend will be callback. The 0.9000 point of the medium-term target area will fall below the 0.9000 mark and close below, and it will fall to another important support area 0.8840-0.8850 (pre intensive top and bottom). I await the results of the RBOC meeting and the RBA statement, and enter the market to sell the Australian dollar against the US dollar, with a target of 0.9050, with a stop loss of 0.9320.