Welcome to our daily technical analysis of the financial markets, focusing today on EUR/USD and AUD/USD. Let's dissect the latest news, market trends, and crucial price levels to watch out for.

1. EUR/USD Analysis:
News Summary:
Eurozone economic and inflationary trends require predictable and prudent interest rate cuts. If rates are cut too quickly and then have to be raised again, the whole process is more complicated than lowering rates slowly and then accelerating them at some point. Tensions in the Middle East are grounds for cautious interest rate cuts, and Europe will be at risk if oil prices continue to rise and then a message is sent to markets that the rate cuts will be accelerated.

Trend Analysis:
We can see EUR/USD fluctuated and rebounded, but it still runs below the 48 hours moving average on H4 chart. In addition, the MACD double line and energy bar has formed golden cross below the zero axis. The buy limit could be placed, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [1.0870]
Key Resistance Levels: [1.1000]
Pivot Points [1.0900]

 

2. AUD/USD Analysis:

News Summary:
Affected by the rise in US bond yields and the possibility of gradual interest rate cuts by the Federal Reserve, the Australian dollar has frequently shown a downward trend recently. And the Australian dollar has faced increasing headwinds in the near term, including the Fed's hawkish repricing, potential geopolitical escalation, de-risking ahead of the US election, wild commodity price swings and now a more dovish-than-expected RBA. Pricing in financial markets suggests the RBA's next move will be to cut interest rates, expected early next year.

Trend Analysis:
We can see AUD/USD has bottomed out but is still running below the 48 hours moving average on H4 chart. On the other hand, the MACD double line and energy bar begins to expand below the zero axis. The buy limit could be used, stop loss is mandatory.

Today's Key Price Levels:
Key Support Levels: [0.6670]
Key Resistance Levels: [0.6820]
Pivot Points [0.6700]