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On January 26, Zhilifang stated on its interactive platform that the company has placed orders with multiple customers in the optical module, optical chip and industry chain sectors.On January 26th, the State Administration for Market Regulation approved and released the mandatory national standard "Basic Requirements for Automotive Steering Systems," which will officially take effect on July 1st. The release and implementation of this standard further clarifies the technical requirements and test methods for automotive steering systems, defining clear safety boundaries for new technologies such as steer-by-wire. This is of great significance for promoting the application of steer-by-wire technology and guiding the standardized development of automotive steering systems in my country. To further solidify the industrys safety development baseline and adapt to the evolving technological landscape, this revision improves the technical requirements for steer-by-wire, the functional safety requirements for traditional steering systems and auxiliary steering devices. While ensuring public safety, standardization will support breakthroughs in key core technologies in areas such as new chassis architectures, further guiding the iterative progress of automotive steering technology in my country.On January 26th, the State Taxation Administration, using tax big data to track and analyze consumption, revealed several new highlights in my countrys consumer market in 2025. Demand for home appliances, mobile phones, and new energy vehicles was strongly released; new consumption models and scenarios continued to innovate and integrate; the silver-haired group demonstrated significant consumption potential; and inbound tourism boosted consumption. In 2025, home appliance consumption showed an upward trend, with sales revenue from the retail of refrigerators and other daily household appliances, kitchen and bathroom appliances such as gas stoves, and communication equipment such as mobile phones increasing by 17.4%, 12.9%, and 18.6% year-on-year, respectively. The consumption of new energy vehicles continued to rise. Data from the unified invoice for motor vehicle sales showed that in 2025, sales volume and sales revenue of new energy passenger vehicles increased by 24.3% and 21.1% year-on-year, respectively.On January 26th, the State Taxation Administration, through big data analysis of tax revenue, reported that the shopping experience for inbound tourists has been continuously optimized, effectively stimulating inbound consumption potential, thanks to measures such as lowering the threshold for tax refunds, raising the cash refund limit, relaxing store registration requirements and simplifying the registration process, and promoting "instant refund upon purchase" for tax refunds. In 2025, the number of overseas tourists applying for tax refunds is expected to increase by 305% year-on-year, sales of tax-refundable goods by 95.9% year-on-year, and the amount of tax refunds by 95.8% year-on-year.On January 26th, according to Tianyanchas business registration information, Anhui Mojia Zhichuang Robotics Technology Co., Ltd. recently underwent a business registration change, adding Bethel, Fuchun Dyeing & Weaving, and Zhiyuan Innovation (Shanghai) Technology Co., Ltd. (an affiliate of Zhiyuan Robotics) as shareholders. Simultaneously, its registered capital increased from 100 million RMB to approximately 104 million RMB. Anhui Mojia Zhichuang Robotics Technology Co., Ltd. was established in January 2025, with Zhang Guibing as its legal representative. Its business scope includes the sale of intelligent robots, the research and development of intelligent robots, and the manufacturing of industrial robots. Shareholder information shows that the company is jointly owned by Chery Automobile and the aforementioned new shareholders.

AUD/USD However, 0.6700 is the key to the upside

Daniel Rogers

Apr 11, 2023 14:41

AUD:USD.png 

 

In the early hours of Tuesday morning in Asia, the AUD/USD receives bids near 0.6650 to recover recent losses. In doing so, the Aussie pair recovers from the lowest levels in two weeks while reversing course from the horizontal support that has been in place for 12 days around 0.6620.

 

Nonetheless, imminent bearish MACD signals and a stable RSI indicate that the AUD/USD pair will continue to decline.

 

The convergence of the 10-day moving average and the support-turned-resistance line from March 10, close to the round number 0.6700, may also threaten the most recent price recovery.

 

Even if the AUD/USD bulls are able to surpass 0.6700, the 50% Fibonacci retracement level of the pair's February-March decline, located around 0.6805, will serve as the final line of defense for the bears.

 

Alternately, a break below 0.6620 could initiate a new decline aiming for the Year-to-Date (YTD) low established in February around 0.6565.

 

Notably, the AUD/USD pair's decline beyond 0.6565 confronts multiple obstacles to the south, including the highs for October 2022 near 0.6545 and 0.6520.

 

After that, a decline to the November 2022 low of approximately 0.6275 cannot be ruled out.

 

Regardless of the recent corrective rally, the AUD/USD remains on the radar of skeptics.