EUR/USD 1.02441
-0.534%
Gold 2690.64
0.757%
Oil 75.879
2.936%
USD/JPY 157.812
-0.194%
GBP/USD 1.22083
-0.799%
GBP/JPY 192.662
-0.983%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 11, the 2025 Spring Festival travel plan for the Yangtze River Delta Railway was recently released. It is expected that 97 million passengers will be transported during the 40 days of the Spring Festival travel, with an average daily passenger volume of 2.425 million, a year-on-year increase of 5.1%, setting a record high. The Yangtze River Delta Railway Department plans to add 398.5 pairs of passenger trains on the basis of using the peak operation diagram. During the peak period, the maximum number of passenger trains will exceed 1,700 pairs per day to actively respond to the large passenger flow during the Spring Festival travel.On January 11, Sergey Lebedev, coordinator of the pro-Russian underground organization in Nikolayev Oblast, Ukraine, told RIA Novosti on January 10 that witnesses reported large-scale transportation of NATO equipment in Poland. Lebedev said: "In recent days, a lot of information from Poland shows that NATO is transporting a large number of personnel and equipment. The scale of equipment transportation is so large that it is impossible not to be discovered." Lebedev believes that Western countries are preparing for a conflict between Poland and Russia and a possible blockade of Kaliningrad. He said: "The West is waging war against Russia in Ukraine, and they will do everything they can. They dont care about the lives of the Poles, just as they dont care about the lives of the Ukrainians."On January 11, Ant Group and Good Doctor Online appeared on the same stage for the first time after completing the acquisition. Both parties said they would jointly promote the AI of medical services, improve doctors work efficiency with AI, and released an "AI assistant" to help doctors popularize science and manage medical records.Ukraine said Russia launched 74 drones during the night, 47 of which were shot down and another 27 failed to reach their targets.Russian Ministry of Defense: A Mi-28NM helicopter of the Russian Aerospace Forces prevented the rotation of Ukrainian troops in Kursk Oblast and destroyed Ukrainian armored vehicles and personnel.

Bulls Face a Wall of Resistance Around 1.0960-1.1000 in the AUD/NZD Price Analysis

Alina Haynes

Apr 29, 2022 09:56

The AUD/NZD is ready to recoup some of the week's losses, climbing for the third consecutive day, up a modest 0.13 percent as the Asian Pacific session begins. The AUD/NZD currency pair is trading at 1.0943 at the time of writing.

 

The week's lack of New Zealand data left the AUD/NZD exposed to the Australian economic calendar, which revealed that inflation increased by 5.1 percent year on year, above expectations of 4.6 percent and blowing the headline reading of 3.5 percent. Core inflation increased to its highest level since 2009, 3.7 percent, up from a previous reading of 2.6 percent.

 

Apart from that, sentiment improved throughout the day, and the Asian session reflected the tone on Wall Street. Investors were kept on their toes by China's coronavirus outbreak. Meanwhile, market participants shrugged aside the Ukraine-Russian spat and a weaker-than-expected US growth report as desire for risky assets surged.

 

As a result, the AUD/NZD appreciated last week on anticipation of a May rate hike by the Reserve Bank of Australia (RBA). Nonetheless, an Australian Federal Election could dissuade the RBA from acting despite a strong inflation report.

Forecasting the AUD/NZD Exchange Rate: A Technical Analysis

The AUD/NZD currency pair's bias is bullish. The pair is in an uptrend as shown by the daily moving averages (DMAs) below the exchange rate. However, Thursday's price action hit strong resistance near 1.0962, a zone that is surrounded by resistance levels between 1.0960 and 1.1000.

 

The AUD/initial NZD's resistance level on the upside would be April's 28 daily high of 1.0962. After clearing 1.0975, the next supply zone would be 1.0998.

 

On the other hand, the first demand zone for the AUD/NZD would be 1.0900. If the pair breaks below 1.0880, it will expose April's 28 swing low at 1.0824, followed by April's 25 swing low at 1.0824.

 

image.png 


Suggestion