Daily Technical Analysis: GBP/USD, AUD/USD

The AUD/USD continues to strengthen, driven by improving risk sentiment and a hawkish outlook from the Reserve Bank of Australia

1. GBP/USD Analysis:
News Summary:
IBOSS chief economist pointed out that last week's British inflation and labor market data supported the Bank of England's meeting on September 19 to keep interest rates unchanged at 5.0%. The BOE is likely to keep interest rates unchanged at its meeting next month, and the next rate cut will have to wait until November. The UK's annual headline inflation rate edged up to 2.2% in July from 2.0% in June, but the core inflation rate, which is the focus of the Bank of England, fell from 3.5% to 3.3%.

Trend Analysis:
We can see the H4 level of GBP/USD continues to rise, and gradually moves away from the 48 hours moving average, but the MACD double line and the energy bar forms top divergence and shrinkage above the zero axis. The sell limit could be used, stop loss is necessary.

Today's Key Price Levels:
Key Support Levels: [1.2900]
Key Resistance Levels: [1.3070]
Pivot Points [1.3010]

2. AUD/USD Analysis:

News Summary:
Australia dollar strengthens for third day in a row. AUD's gains could be attributed to improving risk sentiment and hawkish sentiment surrounding the RBA's policy outlook. The chairman of the Reserve Bank of Australia said on Friday that the RBA is concerned about potential upward risks to inflation and does not expect to cut interest rates in the near future. Investors will pay close attention to the minutes of the RBA’s August meeting.

Trend Analysis:
We can see AUD/USD rises again and runs above the 48 hours moving average on H4 chart. However, the MACD double line and energy column shrink above the zero axis. The sell limit could be placed, stop loss is mandatory.

Today's Key Price Levels:
Key Support Levels: [0.6650]
Key Resistance Levels: [0.6780]
Pivot Points [0.6740]