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While the Reserve Bank of Australia (RBA) maintained its interest rates during the Monetary Policy Meeting on the 7th, the Swedish Central Bank's rate cut boosted the price of the dollar index. Meanwhile, the Bank of England's interest rate decision is scheduled for today, and next week, various US inflation indicators are scheduled, making it very difficult to determine the direction. Additionally, Bank of Japan Governor Kuroda hinted at a policy adjustment, so it's necessary to assess how these issues will unfold.
The Bank of England interest rate decision is scheduled for May 9th.
On May 14th, Germany's April Consumer Price Index (CPI), US April Producer Price Index (PPI), and a speech by Fed Chair Powell are scheduled.
On May 15th, the US April Consumer Price Index (CPI) will be released.
On May 17th, the Eurozone's April Consumer Price Index (CPI) will be released.
While AUDUSD has shown some upward movement once, it is currently being pushed down again without breaking through the resistance line at 0.66500. Although a short-term rise was expected to continue to the upper resistance, it is currently experiencing resistance from the previous high and is expected to experience downward pressure to the lower trendline with this decline.
In summary, a short-term decline to the 0.63500 line is expected with resistance at the 0.66500 line, followed by a mid-term rise back to the 0.66500 line.
Please share your personal opinions in the comments. We kindly ask for your boost and subscription.
While the Reserve Bank of Australia (RBA) maintained its interest rates during the Monetary Policy Meeting on the 7th, the Swedish Central Bank's rate cut boosted the price of the dollar index. Meanwhile, the Bank of England's interest rate decision is scheduled for today, and next week, various US inflation indicators are scheduled, making it very difficult to determine the direction. Additionally, Bank of Japan Governor Kuroda hinted at a policy adjustment, so it's necessary to assess how these issues will unfold.
The Bank of England interest rate decision is scheduled for May 9th.
On May 14th, Germany's April Consumer Price Index (CPI), US April Producer Price Index (PPI), and a speech by Fed Chair Powell are scheduled.
On May 15th, the US April Consumer Price Index (CPI) will be released.
On May 17th, the Eurozone's April Consumer Price Index (CPI) will be released.
While AUDUSD has shown some upward movement once, it is currently being pushed down again without breaking through the resistance line at 0.66500. Although a short-term rise was expected to continue to the upper resistance, it is currently experiencing resistance from the previous high and is expected to experience downward pressure to the lower trendline with this decline.
In summary, a short-term decline to the 0.63500 line is expected with resistance at the 0.66500 line, followed by a mid-term rise back to the 0.66500 line.