Daily Technical Analysis:AUD/USD、Crude Oil
Welcome to our daily technical analysis of the financial markets, focusing today on AUD/SUD and Crude Oil. Let's dissect the latest news, market trends, and crucial price levels to watch out for.
1. AUD/USD Analysis:
News Summary:
The Reserve Bank of Australia kept interest rates unchanged at a 13-year high of 4.35% at its eighth consecutive meeting on Tuesday, in line with market expectations and aimed at continuing to put pressure on stubborn inflation while joining much of the world in awaiting the outcome of the U.S. election. The RBA has held steady on interest rates for a year and reiterated that it will not rule out any possibility on policy. The rate-setting committee also emphasized the high degree of uncertainty in the international outlook.
Trend Analysis:
We can see AUD/USD encountered resistance and fell back, and then returned to the 48 hours moving average on H4 chart. In addition, the MACD double line and energy column shrinks near the zero axis. The buy limit could be placed, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [0.6460]
Key Resistance Levels: [0.6590]
Pivot Points [0.6480]
2. Crude Oil Analysis:
News Summary:
As the war in the Middle East continues and the outlook for supply and demand in 2025 is unclear, resulting in sharp fluctuations in crude oil prices, investors pushed crude oil futures and options trading volume to record highs in October to hedge against the growing uncertainty. Hedging can help producers reduce risk by locking in crude oil prices to protect their production from large market swings. It can also allow investors to profit during periods of volatility.
Trend Analysis:
We can see crude oil fluctuated and rebounded and moved above the 48 hours moving average on H4 chart. However, the MACD double line and energy bar begins to shrink further above the zero axis. The sell limit could be employed, stop loss is mandatory.
Today's Key Price Levels:
Key Support Levels: [68.40]
Key Resistance Levels: [73.50]
Pivot Points [72.70]