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As we approach Easter, it seems that a cautious sentiment is prevailing in the market, leading to a significant reduction in volatility. However, with major announcements lined up until next week, including Easter holidays, volatility is expected to increase again.
On March 29th, the US February Personal Consumption Expenditure Price Index and a speech by Fed Chair Powell are scheduled.
- March 29th to April 1st is the Easter holiday period.
- On April 3rd, the Eurozone March Consumer Price Index will be released.
- On April 5th, various employment indicators for the US will be published.
AUDUSD is currently forming a short-term uptrend within a long-term downtrend. Despite facing significant downward pressure due to the long-term trend, if it rebounds from the current support range and surpasses the 0.67500 line, it could break out of the downtrend and transition into an uptrend. If such a transition occurs, it is expected to surpass the 0.70000 line. We will assess the direction based on the 0.65000 line and adjust our approach accordingly, which would be advantageous.
Considering the expected movements:
First, a rebound from the 0.65000 line leading to a breakthrough of the 0.67000 line and a medium to long-term rise towards the 0.71000 line.
Second, breaking below the 0.65000 line, retracing towards the 0.63000 line, and then experiencing a medium-term rise towards the 0.66000 line.
These two movements are currently the most likely scenarios, and if there are any variables, we will consider adjusting our strategy.
As we approach Easter, it seems that a cautious sentiment is prevailing in the market, leading to a significant reduction in volatility. However, with major announcements lined up until next week, including Easter holidays, volatility is expected to increase again.
On March 29th, the US February Personal Consumption Expenditure Price Index and a speech by Fed Chair Powell are scheduled.
- March 29th to April 1st is the Easter holiday period.
- On April 3rd, the Eurozone March Consumer Price Index will be released.
- On April 5th, various employment indicators for the US will be published.
AUDUSD is currently forming a short-term uptrend within a long-term downtrend. Despite facing significant downward pressure due to the long-term trend, if it rebounds from the current support range and surpasses the 0.67500 line, it could break out of the downtrend and transition into an uptrend. If such a transition occurs, it is expected to surpass the 0.70000 line. We will assess the direction based on the 0.65000 line and adjust our approach accordingly, which would be advantageous.
Considering the expected movements:
First, a rebound from the 0.65000 line leading to a breakthrough of the 0.67000 line and a medium to long-term rise towards the 0.71000 line.
Second, breaking below the 0.65000 line, retracing towards the 0.63000 line, and then experiencing a medium-term rise towards the 0.66000 line.
These two movements are currently the most likely scenarios, and if there are any variables, we will consider adjusting our strategy.