The Australian Federal Reserve Maintains A Loose Trend. The Australian Dollar Is At A High Level Against The US Dollar.

On Wednesday (March 16th), the Australian dollar / dollar went up slightly in the Asian market, and the exchange rate is now near the 0.7463 line.

Yesterday, the Australian dollar / dollar declined, because the Australian Federal Reserve maintained a loose tendency.

On the technical side, the Australian dollar / US dollar daily chart shows that the exchange rate is maintained near the 20 day moving average, and the RSI (14) relative strength index is located above the 50 equilibrium position, indicating that the short-term overall price dynamics are excessive.

At present, the support below is located near the 0.7408 line.

The Australian dollar / dollar fell on Tuesday (March 15th), amid the weakening commodity prices and profit taking.

On Tuesday, the RBA released a summary of the meeting.

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The RBA seems to be satisfied with the current wait-and-see attitude, but maintains a relaxed tendency.

The RBA said that "continued low inflation provides room for further easing policy", triggering a decline in the Australian dollar and New Zealand dollar.

During the Asian session on Wednesday (March 16th), pay close attention to the data from Australia, and then focus on the performance of the Chinese market.

During the New York period, a series of heavy data came from the US, among which inflation data and industrial output were the main concerns of investors.

However, the market volatility may be relatively limited before the Federal Reserve resolution in the evening.

More willing to wait for the major

And then enter the market.

In addition, investors who trade crude oil can not ignore the impact of EIA crude oil inventory data on oil prices.

Investors are highly concerned that Beijing will announce the latest interest rate resolution at 2 a.m. on Thursday in Beijing, announcing the latest inflation and economic outlook report. At 2:30 in the morning, Federal Reserve Chairman Yellen will also hold a press conference.

Although the investor generally believes the Fed will not raise interest rates, investors are looking forward to seeing what the Fed is doing under the current global slowdown, which is a clear guide to the direction of the dollar's trend in the coming months.

20 the daily average moving average index shows that the exchange rate is still maintained above the 20 day moving average, showing that the air force is in line with the multilateral force; RSI (14) equilibrium index shows that the trend line is running near the 50 near the top, showing that the short-term price dynamics is more general and the operation can follow the trend of homeopathy.

Pay close attention to the Australian data and pay close attention to the performance of the Chinese market, focusing on the Fed's quarterly policy and economic / inflation reports.