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On April 18, 2026, the International Monetary Fund (IMF) held its 53rd International Monetary and Financial Committee (IMFC) meeting in Washington, D.C., to discuss the global economic and financial situation and the IMFs work. Pan Gongsheng, Governor of the Peoples Bank of China (PBOC), attended and addressed the meeting. Xuan Changneng, Vice Governor of the PBOC, also participated. Pan Gongsheng pointed out that the rapidly changing international economic and trade environment requires the IMF to further strengthen its economic monitoring functions. Trade policy uncertainty remains high, and the negative supply shocks triggered by the Middle East situation will have a lasting impact on the global economy and financial markets. The IMF should further strengthen economic monitoring and propose more targeted policy recommendations based on an objective assessment of risks. At the same time, it should strengthen its monitoring of fiscal risks and their spillover effects in major developed economies, emphasizing that trade protectionism cannot solve global imbalances, and that stable, rational, and predictable cooperation is particularly valuable.US-Iran-US Conflict: ① Iran 1. The Iranian Revolutionary Guard stated that the resistance front issued warnings to ships in the Bab el-Mandeb Strait. 2. Irans Deputy Foreign Minister: Iran demands a complete end to the conflict across the region. 3. A senior Iranian official stated that lifting the freeze on Iranian assets is part of the agreement to open the Strait of Hormuz, but did not provide a specific timetable. 4. The Speaker of the Iranian Parliament: Trumps seven social media statements are "all untrue." 5. Iranian Foreign Ministry Spokesperson: We do not support the proposals made by US officials and their media regarding the Iranian nuclear issue. ② The US 1. Trump posted consecutive messages: Iran has fully opened the "Iran Strait," and the maritime blockade against Iran will remain fully effective. The US will obtain all of Irans nuclear "dust." Israel will no longer bomb Lebanon. NATO is useless on the Strait of Hormuz issue. 2. US Central Command: The US military is still "closely monitoring every Iranian port." 3. According to CBS: Trump stated that Iran has agreed to stop supporting proxy groups such as Hezbollah and Hamas. 4. The US aircraft carrier USS Ford returned to the Red Sea. ③ Israel 1. Israel announced the basic lifting of wartime restrictions. 2. Israeli Defense Minister: The ceasefire between Israel and Lebanon is a temporary measure. After the temporary ceasefire ends, the disarmament of Hezbollah forces south of the Litani River will continue. 3. Israeli Prime Minister Netanyahu: We will not disclose specific details of what actions we will take in Lebanon in the future. We have not yet completed our actions against Hezbollah in Lebanon. ⑤ Strait of Hormuz 1. Iranian Parliament Speaker: We will never relinquish control of the Strait of Hormuz. 2. Iranian Foreign Ministry: The US maritime blockade violates the ceasefire agreement. 3. Iranian Foreign Ministry: There has been no new agreement between Iran and the United States on the Strait of Hormuz issue. 4. Commander of the Iranian Islamic Revolutionary Guard Corps Navy: The enemy attempted to cross the Strait of Hormuz during the ceasefire, forcing them to retreat. 5. Shipping tracking data shows that almost all ships attempting to pass through the Strait of Hormuz turned back on Friday evening local time. 6. Kropp data shows that 24 ships passed through the Strait of Hormuz in the past 24 hours. 7. Iranian Foreign Minister: In light of the ceasefire reached between Lebanon and Israel, Iran will open the Strait of Hormuz to all merchant ships during the ceasefire period. 8. Iranian Foreign Ministry: Non-military vessels are permitted to pass through the Strait of Hormuz. 9. US officials stated that the US militarys blockade of Iran remains in effect. 10. The US military stated that 19 ships were forced to return to port during the blockade of Iran, and no ships broke through the blockade. 11. US Commerce Secretary Lutnick: The Strait of Hormuz is open, and ships are passing through. 12. UN shipping agency: Currently verifying the announcement regarding the reopening of the Strait of Hormuz to confirm whether it meets the requirements of freedom of navigation. 13. Iranian officials: If the US maritime blockade of Iran continues, Iran will consider this a violation of the ceasefire agreement and will close the Strait of Hormuz again. 14. Iranian domestic media expressed concern about the US Foreign Ministers opening of the Strait of Hormuz. ⑥ Ceasefire Negotiations 1. The US is considering resuming negotiations with Iran in Pakistan within days. 2. Senior Iranian official: Iran and the US are expected to reach a preliminary agreement within days. 3. Iranian official: Iran and the US are drafting a memorandum of understanding to set a framework for a permanent peace agreement. 4. Gulf officials: Trump is eager to end the war and may accept more compromises. 5. US media: The US plans to unfreeze $20 billion in exchange for Iran abandoning uranium enrichment; US-Iran talks may be held in Islamabad on Sunday. 6. Hezbollah parliamentary group in Lebanon expressed "cautious support" for a ceasefire, but emphasized that the ceasefire must be comprehensive. 7. According to CBS: Trump said Iran has agreed to stop supporting Hezbollah and proxy groups such as Hamas. 8. Iranian sources said the next round of US-Iran talks will be held in Pakistan on Monday. ④ Other situations: 1. US media: Trump said Israel "banned" bombing of Lebanon; Israel seeks clarification. 2. Lebanese media reported that southern Lebanon is still being shelled after the ceasefire.On April 18, the U.S. Treasury Department issued a general license related to Russia, allowing the delivery and sale of shipped Russian crude oil and petroleum products, effective April 17. The Treasury Department stated that the authorization is valid until May 16.U.S. Treasury Department: The license allows for the delivery and sale of Russian crude oil and petroleum products loaded on ships, starting April 17.U.S. Treasury Department: Issuing general licenses related to Russia.

AUD/USD Price Analysis: Near 0.7500, it's make or break time

Larissa Barlow

Mar 31, 2022 09:57

 Key Takeaways

  • The AUD/USD currency pair is bidding at the upper edge of the rising channel pattern.

  • The asset has fallen below the 20-day exponential moving average, signaling worry for Aussie bulls.

  • The RSI (14) has fallen into a range of 40.00-60.00, which no longer favors the upside.

 

Since Wednesday, the AUD/USD pair has been trading in a range of 0.7500-0.7536. The asset appears to be losing strength following numerous failed efforts to breach the March 28 high of 0.7540. On Thursday, the asset saw a negative open rejection-reverse trading session, as it progressively increased after opening around 0.7507. The major, on the other hand, has encountered large offers near 0.7518 as investors prefer a'sell on rise' strategy.

 

On a four-hour chart, AUD/USD is trading towards the upper edge of the rising channel, the lower end of which is shown by the January 28 low of 0.6966 and the upper end by the January 13 high of 0.7315.

 

The asset is trading near the 0.7505 20-period Exponential Moving Average (EMA).

 

The Relative Strength Index (RSI) (14) has switched from a bullish range of 60.00-80.00 to a bearish range of 40.00-60.00, indicating that consolidation is imminent.

 

If the asset falls below the March 29 low of 0.7455, it will begin a decline toward the March 10 high of 0.7369, followed by the round level support at 0.7300.

 

On the other hand, Aussie bulls have the ability to control the price if the asset overcomes the March 28 high of 0.7541, which will take the asset towards round-level resistance at 0.7600, followed by the 17 June 2021 high of 0.7646.

Four-hour chart of the AUD/USD

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AUD/USD

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