Daily Technical Analysis:AUD/USD、Crude Oil
Introduction: Welcome to our daily technical analysis of the financial markets, focusing today on AUD/USD and Crude Oil. Let's dissect the latest news, market trends, and crucial price levels to watch out for.
1. AUD/USD Analysis:
News Summary:
Under the dual influence of rising geopolitical tensions and the adjustment of the Fed's policy expectations, the Australian dollar was under downward pressure and risk assets were generally sold off. Australia's recent May employment data was weak, with the unemployment rate remaining at 4.1%, but the number of new jobs fell by 2,500, lower than the market's expectation of 21,200, providing room for the Reserve Bank of Australia to further ease its policy.
Trend Analysis:
We can see AUD/USD rebounded at H4 level and is still trading below the 48 hours moving average. In addition, the MACD double line and energy bar converge near the zero axis. The buy limit could be placed, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [0.6420]
Key Resistance Levels: [0.6570]
Pivot Points [0.6460]
2. Crude Oil Analysis:
News Summary:
Before Israel attacked Iran, the oil market was in dire shape given ample supply growth and weak demand from both OPEC and non-OPEC producers. However, a significant escalation in the conflict between Israel and Iran could push oil prices to considerably higher levels. We now face the greatest threat to the oil market since Iraq’s invasion of Kuwait in 1990, and perhaps even more serious than the Arab oil embargo of 1974.
Trend Analysis:
We can see crude oil maintained volatility and ran above the 48 hours moving average on H4 chart. In addition, the MACD double line and histogram bar expand above the zero axis. The buy limit could be used, stop loss is mandatory.
Today's Key Price Levels:
Key Support Levels: [72.00]
Key Resistance Levels: [78.00]
Pivot Points [73.50]