ATFXForeign exchange market: Reserve Bank of Australia12The monthly resolution maintains the benchmark interest rate unchanged,AUDUSDshort-term...

12month5On the same day, the results of the Reserve Bank of Australia's interest rate decision showed that the cash rate target will be maintained at4.35%unchanged foreign exchangeThe payment interest rate for settlement balance is maintained at4.25%Constant, in line with market expectations. The policy statement states that it is more certain that inflation will return to the target within a reasonable time frame; The labor market situation continues to gradually ease, but remains tense. Overall, the Federal Reserve of Australia has conveyed optimistic economic outlook expectations and signals to the outside world to end its aggressive interest rate hike path. Affected by this,AUDUSDstay15From within minutes0.6606Down to0.6574As of today16:50Latest exchange rate0.6575, decline0.68%The value of the Australian dollar has declined.


From a technical perspective,AUDUSDThe mid-term trend has shifted from a bearish trend to a turning point11month14dayMA20On the moving averageMA30Moving average. The market price is operating on the upper track of the channel, and has been continuously bearish for the past two days. The resistance on the upper track may exert force, leading to a short-term decline. The target level is the lower track of the channel. Awesome Oscillator KDThe reading is in the overbought zone, and once it crosses downwards, it resonates with the resistance on the track of the channel, increasing the probability of a short-term decline. Volatility indicatorsATRThe reading is at a moderate level, and the volatility and risk of the current market are moderate, indicating moderate participation.

Australia's10monthCPIthe annual rate4.9%, much lower than the previous value5.6%The problem of high inflation has been significantly alleviated. unemployment rate3.7%Far below5%The natural unemployment rate indicates that the demand in the labor market is extremely strong and there are no signs of economic recession. The Australian dollar is a commodity currency, and its value is related to the fluctuation of iron ore prices. Last year's iron orefuturesrise in price28.04%, rising again this year12.98%Due to severe supply-demand imbalance, it is expected that the upward trend will continue, and the value of the Australian dollar will be significantly boosted.11month23From now on, iron ore futures have experienced high volatility. Although the bullish trend will not change, a short-term correction is inevitable.AUDUSDThe consecutive bearish days in the past two days are partly due to the weakness of iron ore prices.

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There are risks in the market, and investment needs to be cautious. The above content only represents the analyst's personal views and does not constitute any operational suggestions. Please do not consider this report as the sole reference. At different times, analysts' perspectives may change, and updates will not be notified separately.

2023-12-05