✍ ✍ ✍AUD/USD news:
➡️ AUD/USD is struggling to extend its previous day's recovery and remains below the 0.6300 mark early on Wednesday, as markets await U.S. President Trump's tariff announcement later in the day. However, buyers continue to find support from optimism surrounding Chinese stimulus measures and the RBA's cautious stance on policy outlook.
➡️ Meanwhile, the Federal Reserve (Fed) faces a challenging task: ongoing trade tensions could drive higher inflation, potentially justifying prolonged rate hikes. However, early signs of a cooling U.S. economy suggests the need for restraint, even as labor market data remains solid.
➡️ During its March 19 meeting, the Fed kept its benchmark interest rate unchanged at 4.25–4.50% and reiterated its patient "wait-and-see" approach. Chairman Jerome Powell emphasized the need for caution, highlighting forecasts that indicate slower growth and slightly higher inflation—some of which could be exacerbated by the upcoming tariffs.
Personal opinion:
➡️ The Australian Dollar has a 2-day winning streak, but this currency still depends on the developments of global trade tensions, China's growth prospects and central bank policy moves
➡️ Technically, AUD/USD has entered the overbought zone and is showing signs of decline. Therefore, it is difficult to maintain the upward momentum in the short term, especially with the upcoming US tariff announcement.
➡️ Analysis based on resistance - support levels and Pivot points combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell AUD/USD 0.6295 - 0.6310
❌SL: 0.6335 | ✅TP: 0.6255 - 0.6225
FM wishes you a successful trading day 💰💰💰
➡️ AUD/USD is struggling to extend its previous day's recovery and remains below the 0.6300 mark early on Wednesday, as markets await U.S. President Trump's tariff announcement later in the day. However, buyers continue to find support from optimism surrounding Chinese stimulus measures and the RBA's cautious stance on policy outlook.
➡️ Meanwhile, the Federal Reserve (Fed) faces a challenging task: ongoing trade tensions could drive higher inflation, potentially justifying prolonged rate hikes. However, early signs of a cooling U.S. economy suggests the need for restraint, even as labor market data remains solid.
➡️ During its March 19 meeting, the Fed kept its benchmark interest rate unchanged at 4.25–4.50% and reiterated its patient "wait-and-see" approach. Chairman Jerome Powell emphasized the need for caution, highlighting forecasts that indicate slower growth and slightly higher inflation—some of which could be exacerbated by the upcoming tariffs.
Personal opinion:
➡️ The Australian Dollar has a 2-day winning streak, but this currency still depends on the developments of global trade tensions, China's growth prospects and central bank policy moves
➡️ Technically, AUD/USD has entered the overbought zone and is showing signs of decline. Therefore, it is difficult to maintain the upward momentum in the short term, especially with the upcoming US tariff announcement.
➡️ Analysis based on resistance - support levels and Pivot points combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell AUD/USD 0.6295 - 0.6310
❌SL: 0.6335 | ✅TP: 0.6255 - 0.6225
FM wishes you a successful trading day 💰💰💰
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Join now !!!!
Channel: signals - knowledge and FOREX comments
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Channel: signals - knowledge and FOREX comments
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.