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With the U.S. March CPI coming in higher than expected, concerns are rising that the timing of the Fed's rate cut may be delayed, and the cut may be less than the previously anticipated 75 basis points. Additionally, the ongoing tensions between Israel and Iran may continue to strengthen the dollar compared to other currencies, and the upcoming release of the U.S. March PPI results is also expected to be a factor contributing to dollar strength.
ECB monetary policy meeting on April 11th, U.S. March Producer Price Index (PPI) will be released.
U.S. March retail sales will be announced on April 15th.
Australia's employment data will be released on April 18th.
The AUDUSD chart is forming a long-term downtrend. Although there is a possibility of a short-term uptrend that could break the downtrend, the current chart suggests a movement indicating a departure from the short-term uptrend and following the long-term uptrend. Furthermore, there are upcoming factors that could contribute to further declines, so it seems advantageous to analyze the chart with a focus on declines rather than expecting rises.
Summarizing the expected movements:
First, a short-term decline to the 0.64000 line followed by a mid-term rise to the 0.66500 line.
Second, a mid-term decline to the 0.62000 line followed by a medium to long-term rise to the 0.65500 line.
Given the anticipated Fed rate cuts this year, limited declines are expected. Currently, these two movements are anticipated, and we will adjust our strategy if there are any variables.
Please share your personal opinions in the comments. Boosts and subscriptions are appreciated.
With the U.S. March CPI coming in higher than expected, concerns are rising that the timing of the Fed's rate cut may be delayed, and the cut may be less than the previously anticipated 75 basis points. Additionally, the ongoing tensions between Israel and Iran may continue to strengthen the dollar compared to other currencies, and the upcoming release of the U.S. March PPI results is also expected to be a factor contributing to dollar strength.
ECB monetary policy meeting on April 11th, U.S. March Producer Price Index (PPI) will be released.
U.S. March retail sales will be announced on April 15th.
Australia's employment data will be released on April 18th.
The AUDUSD chart is forming a long-term downtrend. Although there is a possibility of a short-term uptrend that could break the downtrend, the current chart suggests a movement indicating a departure from the short-term uptrend and following the long-term uptrend. Furthermore, there are upcoming factors that could contribute to further declines, so it seems advantageous to analyze the chart with a focus on declines rather than expecting rises.
Summarizing the expected movements:
First, a short-term decline to the 0.64000 line followed by a mid-term rise to the 0.66500 line.
Second, a mid-term decline to the 0.62000 line followed by a medium to long-term rise to the 0.65500 line.
Given the anticipated Fed rate cuts this year, limited declines are expected. Currently, these two movements are anticipated, and we will adjust our strategy if there are any variables.