AUD/USD reacts to central banks

Note: This section contains information in English only.
Source: Dukascopy Bank SA


First of all note the high volatility of late Wednesday's trading. The moves were caused by the US Federal Reserve rate hike and press conference. The initial hike caused a spike down, during the press conference the pair recovered, after all events were over the decline continued.

The AUD/USD extended the decline on Thursday morning until the Bank of Japan shook all markets. Namely, the BoJ intervened in the forex market by buying up the Yen, which caused a decline of the US Dollar index, and subsequently a drop of the AUD/USD currency exchange rate.

A resumption of the previous decline of the pair could look for support in the 0.6600 and 0.6550 levels. Further below, take into account the weekly S2 simple pivot point at 0.6522 and the 0.6500 mark.

On the other hand, a recovery of the Australian Dollar against the USD is expected to encounter resistance in the previous support at 0.6670 and the 50 and 100-hour simple moving averages. Higher above, the 0.6723/0.6733 zone is expected to continue to act as resistance.
Back to articles

Actual Topics

Thu, 22 Sep 2022 10:35:18 GMT

GBP/JPY reacts to BoJ actions

In general, set technical analysis aside for now and watch the news flow and comments from the Bank of Japan and Bank of England. It has been reported that for the first time since 1998, the Bank of Japan has intervened in the currency market with direct transactions. The central bank operation has been confirmed by the bank's representative Masato

Thu, 22 Sep 2022 10:04:20 GMT

EUR/JPY reacts to BoJ manipulations

In general, set technical analysis aside for now and watch the news flow and comments from the Bank of Japan. It has been reported that for the first time since 1998, the Bank of Japan has intervened in the currency market with direct transactions. The central bank operation has been confirmed by the bank's representative Masato Kanda, who stated "We

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.