Australian Federal Reserve Rate Unchanged, Australian Dollar Against US Dollar Downward Pressure

On Tuesday, the Australian dollar fell sharply against the US dollar. The Australian Federal Reserve interest rate resolution released during the Asian session, like market expectations, remained unchanged at 2.5%. P

The Aussie dollar went up sharply against the US dollar and reached a 0.9302 week high. But then the Australian Federal Reserve said the interest rate policy will remain unchanged for a period of time, while the Australian Federal Reserve again stressed the adverse impact of the high exchange rate on the economy.

On the economic front, the Australian Federal Reserve pointed out that recent data show that housing construction is steadily expanding and labor demand is still weak, and the unemployment rate is expected to rise slightly in the near future.

Since then, the Australian dollar has been rapidly descending below the a href= "//www.sjfzxm.com/news/index_c.asp" > US dollar < /a > and has been dropping to a low point within 0.9254 days.

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< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > Australian dollar < /a > against the US dollar, while the Australian Federal Reserve stated that interest rates remained unchanged for a period of time, it quickly rushed to the 0.9302 high point. But then, in the Australian Federal Reserve's view that the Australian dollar exchange rate was still at a historical high, the decline in 2013 compared to the Australian dollar's recent rise was not conducive to the recovery of the economy, and directly suppressed the Australian dollar exchange rate.

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The P Australian dollar has risen sharply against the US dollar since February, and in March, under the influence of the "a href=" //www.sjfzxm.com/news/index_c.asp "New Zealand Federal Reserve" /a "plus interest rate, the market forecast that the Australian Federal Reserve will follow suit in the near future, and the Australian dollar will rise all along with the US dollar.

But in terms of Australia's economic performance, the interest rate is maintained at 2% to 2.5%. The long-term stability has a positive impact on the national economy.

Today's statement by the Australian Federal Reserve confirms that it is impossible for the Australian dollar to raise interest rates in the short term. The Australian dollar against the US dollar is short or blocked by 0.9300 hundred points.

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< p > investors still need to pay attention to ISM manufacturing PMI in New York in March. Due to the improvement of the bad weather in the United States, we believe that PMI data may provide kinetic energy for the further decline of the Australian dollar.

Because Friday will announce changes in the number of non farm payrolls in the US in March, the foreign exchange market is afraid to usher in the baptism of the US dollar. If the non-agricultural data is good, it will probably mean that the dollar really begins to enter the bull market this year, so the Aussie dollar is likely to be blocked by the real meaning of the dollar, and it may open the downstream channel.

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< p > < strong > technical surface < /strong > /p >

< p > Australian dollar to the US dollar 4 hour trend map, the exchange rate to 0.9302 days high point quickly descend to the 14 average line's support position 0.9250, the 4 hour line presents a shadow line with long shadow. If the K-line ends, it can confirm the Australian dollar to the dollar double top form, the short term will further descend.

The RSI crosses between 60-50. In the short term, the upward momentum of the Australian dollar has declined. Attention should be paid to the callback risk during the day of the exchange rate.

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< p > Australian dollar to us dollar daily chart, the exchange rate is still at the edge of the brin belt (20), the long line shadow pattern of the Asian disk appears, the lower 14 day moving average, the brin belt track and the 30 day moving average are going up in a row, showing the Australian dollar bull market, while the RSI is heading downward below 80. In the short term, we need to be alert to the risk that the Australian dollar will return to the brink belt (20).

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< p > (Australian dollar to us dollar 4 hour trend map) < /p >

< p > 11:304 month Australian Federal Reserve interest rate resolution < /p >

< p > 15:55 Germany March Markit/BME manufacturing PMI < /p >

< p > 15:55, the total number of unemployed before the 3 quarter of the month in Germany is less than /p.

< p > 16:00 euro zone March Markit manufacturing PMI < /p >

< p > 16:30 UK March Markit/CIPS manufacturing PMI < /p >

< p > 17:00, euro area February unemployment rate < /p >

< p > 20:30, Canada February producer price index monthly rate < /p >

"P > 21:30, Canada March RBC quarter adjustment, manufacturing PMI < /p >

< p > 22:00 U.S. IBD economic optimism index April < /p >

< p > 22:00 us ISM manufacturing PMI < /p > March.

< p > operation strategy < /p >

< p > because the US non farm data is about to be announced, the Aussie dollar is unlikely to go up against the US dollar before Friday.

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< p > short: 0.9300 < /p >

< p > stop loss: 0.9330 < /p >

< p > Objective: 0.9210 < /p >