Forex Review Online
No Result
View All Result
  • Home
  • Crypto
  • Education
  • News
start trading today
  • Home
  • Crypto
  • Education
  • News
No Result
View All Result
Forex Review Online
No Result
View All Result
Home ANALYSIS

Aussie holds lower on the day after RBA Lowe remarks

A.R Chowdhury by A.R Chowdhury
September 14, 2021
Reading Time: 2 mins read
0
Aussie holds lower on the day after RBA Lowe remarks

AUD/USD down 0.3% to 0.7342 currently

AUD/USD H1 14-09

His remarks earlier weren’t anything new but they just reaffirmed the more dovish sentiment when it comes to RBA policy at the moment, as compared to other major central banks which are at least taking more progressive steps in normalising policy.

There was also an attempt to jawbone the currency and market pricing, as Lowe mentioned that it is “difficult to understand” why market participants are pricing in any potential rate hikes for 2022 and 2023.

That seems to be doing the trick at least with the aussie weighed lower on the day so far.

AUD/USD is keeping pressured below its key hourly moving averages, with sellers defending the 100-hour moving average (red line) to start the week.

Keep below that and the near-term bias remains more bearish with eyes on support at the 38.2 retracement level at 0.7336.

Considering that AUD/USD may still also face some added volatility from the dollar side of the equation, I’d argue that a more straightforward divergence play lies with AUD/NZD.

The pair is down slightly again today near the lows for the year and with the RBNZ looking potentially for a 50 bps rate hike next month, it could pave the way for further downside pressure in the weeks to come. Parity anyone?

Invest in yourself. See our forex education hub.

Source link

RELATED POSTS

EURGBP erases gains and returns to a familiar bias defining level

New highs for US stocks. The Nasdaq continues to lead

USDJPY has 3 key technical levels that have stalled the rally higher today

ShareTweetPin
A.R Chowdhury

A.R Chowdhury

Related Posts

EURGBP erases gains and returns to a familiar bias defining level
ANALYSIS

EURGBP erases gains and returns to a familiar bias defining level

August 14, 2022
New highs for US stocks. The Nasdaq continues to lead
ANALYSIS

New highs for US stocks. The Nasdaq continues to lead

August 14, 2022
USDJPY has 3 key technical levels that have stalled the rally higher today
ANALYSIS

USDJPY has 3 key technical levels that have stalled the rally higher today

August 14, 2022
WTI crude oil futures settle at $92.09
ANALYSIS

WTI crude oil futures settle at $92.09

August 14, 2022
Bitcoin technical analysis, bulls might be giving up soon
ANALYSIS

Bitcoin technical analysis, bulls might be giving up soon

August 14, 2022
The weekend forex technical report for the week of August 15, 2022
ANALYSIS

The weekend forex technical report for the week of August 15, 2022

August 14, 2022
Next Post
Dollar slightly lower as the session gets underway

Dollar slightly lower as the session gets underway

The GBP is the strongest and the AUD is the weakest as NA traders enter for the day

The GBP is the strongest and the AUD is the weakest as NA traders enter for the day

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

US stocks heading lower. NASDAQ below its 100 hour moving average

US stocks heading lower. NASDAQ below its 100 hour moving average

September 10, 2021
USDCAD confined trading range, and coming to the point where “something has to give”

USDCAD confined trading range, and coming to the point where “something has to give”

March 23, 2022

NASDAQ index turns positive on the day

July 10, 2020

Popular Stories

  • The USD is the strongest and the NZD is the weakest as the NA session begins

    0 shares
    Share 0 Tweet 0
  • New highs for US stocks. The Nasdaq continues to lead

    0 shares
    Share 0 Tweet 0
  • EURGBP erases gains and returns to a familiar bias defining level

    0 shares
    Share 0 Tweet 0
  • What is forex and How does it work?

    0 shares
    Share 0 Tweet 0
  • What is CFD trading?

    0 shares
    Share 0 Tweet 0
Forex Review Online

© 2022 My Forex Review - Designed with Jnews Theme.

Navigate Site

  • Home
  • Crypto
  • Education
  • News

Follow Us

No Result
View All Result
  • Home
  • Crypto
  • Education
  • News

© 2022 My Forex Review - Designed with Jnews Theme.