- The price of AUD / USD recovers how Israel can go for a truce with Hammas.
- Increased data on sales in the Port in China.
- The US dollar remains weaker in the middle of improved risk and Dovish Fomc.
The AUD / USD prices recovered the country as a geopolitical tension cools after Israel proposed a revised contract to negotiate with Hamas for hostages. The situation can lead to temporary truce. However, the boiling situation from Israel and Iran can take winnings for the Australian dollar.
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Although the American president called for the Peace Broker between countries, Iran said he would not negotiate while attacked. If the situation is cooled, Aussie can see the continuation of upside down.
The data on the sale of the China has exceeded the expectations of 5% to strike 6.4%, which increased Aussie. However, industrial production was missed slightly at 5.8%. The Chinese National Bureau of Statistics noted that the first half could remain stable for the domestic economy. However, the growth of the second quarter can fight in the middle of trade concerns.
The US dollar loses Intradai gain as if a feeling of danger improves a day. Last week, the American CPI and PPI data were negatively enough to start selling. Meanwhile, Umbeat consumer feelings cannot borrow currency support.
The main event this week is the FOMC meeting that can provide future political guidance to market participants. With data cooling on inflation and softening labor market, the central bank can before it can be easier.
Key events in front
There are no major events today. Therefore, the feeling of risk will be a key driver.
AUD / USD Technical analysis: Billish Pennant Sample
AUD / USD 4-hour chart shows the price that revolves around the 20-SMA. The last two candles show the purchase pressure, allowing the price to close above the 20th. The chart also shows the form to continue the bakery called “Pentant”. Hence there is also a probability of interruption.
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The oposomobil can fulfill the resistance to 0.6550 in advance of 0,6575 and 0.6600. On the side, breaking down the lower boundary of the flag can be started by Support for Support from 0.6450 in advance of 0.6410.
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