AUD : Upper resistance key0.84 △ (8month24day)

Focus:
•Spread trading is positive for the trend of the Australian dollar
•0.84Key resistance

Due to the general stability of the financial market, it has stimulated investors' interest in risk and boosted high-yield currencies and stock markets. The Bank of Japan maintained its benchmark interest rate at its meeting on Thursday0.5%The low position remains unchanged. Bank of America announced on Wednesday that it is offering the most A large mortgage loan companyCountrywide Financialinvestment20USD100mn In addition, five large multinational banks claim to be acting through the Federal Reserve Board(FED)The discount window financing exceeds20Billions of dollars, all of these events have helped appease investments Concerns about credit tightening and liquidity depletion. In such an environment, the market is easier to conduct spread trading.

The Australian dollar rose to its highest level against the Japanese yen on Thursday3%to95.61The Australian dollar touched against the US dollar0.82The one week high above the US dollar, as investors cautiously return to risk due to recent global market turbulence weakening Assets. Within just five trading days, the AUD/JPY exchange rate has been lower than14Rebounded from a low point last month10%. Technically, it should be noted that the Australian dollar has recovered nearly half of its daily decline in the past two weeks, and if it continues to rebound 61.8%The development of the rebound level should be visible0.8280Horizontal, the more critical resistance will be observed100Balance moving average0.84Gateway. andRSIandSTCUpward development should also indicate that the Australian dollar is promising Move up again. The important support for the decline will also be referenced0.81Level, which was an important resistance at the beginning of the week, has now become a key support. If it falls back below this area again, it indicates that the Australian dollar is once again in a weak consolidation, and further support is 0.8000Horizontal.

(Analysis provided by Zongheng Huihai)