Watching the tide in the foreign exchange market: analysis of the foreign exchange market of euro, Australian dollar and yen

时间:2022-07-27 09:25:07 浏览:45

Currency: EUR / USD

Resistance level 2:1.0630

Resistance level 1:1.0580

Spot price: 1.0531

Support bit 1:1.0500

Support bit 2:1.0470

There was no new news overnight, and the risk market inertia fell. In contrast, the stability of the euro has been slightly maintained, which may be related to the EU's abandonment of the oil ban on Russia.

Last Wednesday, the European Commission announced the draft of the sixth round of sanctions against Russia, which plans to gradually stop importing crude oil from Russia within six months and by the end of this year, but Hungary failed to agree to the grace period given by the European Union, and Greece and other countries have concerns about using ships flying its flag to transfer Russian oil.

EUR / USD fluctuated above 1.0470 on the daily chart and closed slightly higher. The overall downward momentum has not been reversed. For the time being, it is looking at the consolidation of low and weak positions.

The 4-hour chart rose slightly above 1.0470, but the upper action was not strong. The hourly chart fluctuated higher, still in the low range.

If there is no major news stimulation within the day, the currency pair is expected to remain in a narrow consolidation trend.

Currency: aud / USD

Resistance level 2:0.7056

Resistance level 1:0.7000

Spot price: 0.6941

Support bit 1:0.6900

Support bit 2:0.6850

The Australian dollar fell sharply yesterday, falling below the 0.7000 level and hitting a 22 month low. The spot exchange price was trading near 0.6980.

In addition to the fact that the US dollar index hit a 20-year high supported by multiple positive factors is the main reason for the decline of the Australian dollar, the risk aversion in the market is lingering, and the decline in the prices of bulk commodities such as crude oil and iron ore is also an important factor for the decline of the commodity currency Australian dollar.

On the daily chart, the Australian dollar has fallen below the 0.70 integer level against the US dollar, the exchange rate is far below the short-term average, and the technical indicators diverge downward, continuing to highlight the weak market.

The hour chart is sorted out around 0.6940 in the current low-level area, but the rebound intention is not strong. Due to the recent ebb tide of commodity prices, we must be wary of the Australian dollar being implicated to maintain a downward trend.

Currency: USD / JPY

Resistance level 2:131.35

Resistance level 1:130.60

Spot price: 130.41

Support bit 1:129.53

Support bit 2:128.62

Shinichi Uchida, a director of the Bank of Japan, said on Tuesday that there was no plan to expand the tolerance range of the long-term interest rate target, saying that expanding the range was tantamount to raising interest rates, which was detrimental to the economy.

The pigeons of the Bank of Japan hovered firmly over the Bank of Japan, and continued to be an important factor in weakening the yen.

However, Shinichi Uchida also said that he would pay attention to the fluctuation of the yen. Japanese finance minister Junichi Suzuki also said that he would communicate closely with the group of seven to deal with the rapid weakening of the yen.

The daily chart dollar / yen showed signs of obstruction near the previous high of 131.24, but remained above the 20 day moving average, and the overall upward momentum remained unchanged. The 4-hour chart was blocked and fell above 131.30, and the short-term focus was on MA100 support.

The hourly chart briefly went up above 131.30 and then fell back, or there is still further downward space. Pay attention to the support of the 130.20 water level within the day, and the small fall below the callback is expected to test the support near 128 first.

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