Vantage FXWanzhi: AUD to USD10month24Analysis and Trend Forecast of Foreign Exchange Trading in Japanese Investment Banks

AustraliaGCG：
The Australian dollar fell sharply from its high position last Thursday due to employment data, and the decrease in unemployment rate was mainly due to an increase in part-time workers, while full-time workers fell significantly. Therefore, the Australian dollar began to decline significantly last Thursday, and the starting point of the exchange rate was at0.7730Nearby, this position is also an important support resistance level above the exchange rate. Subsequently, the exchange rate fell sharply for two consecutive days and touched0.76Location. The innovative long shadow at the weekly level also shows the downward momentum of the exchange rate. The intraday strategy of short selling at high points0.7640Near.
Deng Fute:
AUD/USD daily chart last week8Upper edge of adjustment interval constructed in mid month0.7750Encountering obstacles and falling, the further expansion of upward space in the medium-term range is restricted, and the range oscillation pattern of the Australian dollar in the medium-term continues. From the hourly chart trend, the Australian dollar/The US dollar hit a new short-term high last week0.7735After facing resistance and reversing downwards, the Australian dollar experienced a continuous decline last week, and in the short term0.7585Supported by oversold rebound, the strength of the Australian dollar in the rebound process is significantly weak, and it is expected that the short-term rebound will be hindered and continue last week's decline. The resistance during the fall of the Australian dollar0.7650, support0.7580。
　　FX168：
Monday(10month24day)During the Asia Pacific period, the Australian dollar fell slightly against the US dollar, following the previous2A heavy decline was recorded in several trading days due to market sentiment towards the Federal Reserve(Fed)The expectation of interest rate hikes before the end of the year is heating up. At the same time, the trend of the New York dollar has been sluggish as the local market is closed during holidays.
Australian domestic investors will remain calm and wait for the third quarterCPIData release. Market forecast shows that Australia's basic inflation rate in the third quarter has increased compared to the previous quarter0.4%Left and right, year-on-year increase1.6%Left and right. Commonwealth Bank of Australia(CBA)seniorforeign exchangeStrategistElias HaddadIf the data results are like this, it will support the Australian dollar, especially the Australian dollar cross, as this will lead to a slight increase in expectations of interest rate hikes in Australia. In contrast, Australia's base inflation rate in the third quarter was0.3%Left and right will increase11The probability of monthly interest rate cuts and weakening of the Australian dollar.
AUD/The New Zealand dollar rose0.24%. AUD/Japanese yen and Australian dollar/The pound also rose slightly. Since the UK referendum on Brexit, the pound has/The Australian dollar has fallen nearly20%。
Vantage FXAnalysis of Wanzhi's viewpoint:
AUD/USD：Last week's unexpected employment data had a significant impact on the Australian dollar, and there is still a risk of a pullback in the short term. It is recommended to focus on high altitude. Follow the support below within the day0.7550Upper pressure0.7630。

Event discussion:

time

Indicator content

Previous value

Estimate

Announced value

20:30	U.S.A9Monthly Chicago Federal Reserve National Activity Index	-0.55	-0.13	Waiting
21:45	U.S.A10monthMarkitInitial value of Manufacturing Purchasing Managers Index	51.5	51.6	Waiting

Focus:Vantage FXWanzhi: Whether to drink chicken blood or chicken soup, choose from Australian and American dollars or pound dollars（https://www.vantagefx.cn/market-analysis/16102401/）

　　

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