TriumphFX – Forex Analysis – AUD Pairs – October, November & December 2021


Previous analysis… https://analysis.tfxi.com/2021/07/29/triumphfx-forex-analysis-aud-pairs-july-august-september-2021/

AUDCAD – Daily Chart

AUDCAD Daily Chart

As suggested in our last AUD chart analysis, the AUDCAD has been bearish and has continued to downtrend.

Price is clearly down-trending – price action has formed a long series of lower swing highs and lower swing lows. The daily moving averages averages are bearish and steady, signalling that the downtrend could continue. The AUDCAD has formed a bearish channel. Price is also down-trending on the weekly time-frame.

Selling opportunities may exist around the dynamic resistance of the moving averages, around the bearish channel resistance area and around any of the horizontal levels at 0.9360, 0.9385, 0.9485, 0.9540 and 0.9735. A bearish move could reverse around the bearish channel support area.

The Bank of Canada (BOC) continues to keep rates at the low of 0.25%. The BOC are expecting economic indicators to continue to improve.

The Reserve Bank of Australia (RBA) continues to keep the official interest rate at the record low of 0.10%. The rate is could stay the same until 2024. The RBA are expecting an economic bounce back during 2022.

AUDCHF – Daily Chart

AUDCHF Daily Chart

The AUDCHF has been bearish and has swung lower, as suggested in our last AUD chart analysis.

Price has been down-trending but is currently in a strong retrace move. Price action has formed an inverted head and shoulder trend reversal pattern and the AUDCHF has swung above the trend resistance area, suggesting that the downtrend may have come to an end. The moving averages are still bearish and widening though, signalling potential downside.

Trading opportunities could exist around the moving averages, around the previous trend resistance area (as support) and around any of the identified horizontal levels at 0.6390, 0.6520, 0.6635, 0.6675, 0.6805, 0.6900, 0.6985, 0.7030, 0.7145 and 0.7230.

The Reserve Bank of Australia (RBA) continues to keep the official interest rate at the record low of 0.10%. The rate is could stay the same until 2024. The RBA are expecting an economic bounce back during 2022.

The Swiss National Bank (SNB) continues to keep rates at the all-time low of -0.75%. The SNB recently announced that it will continue to intervene with in foreign exchange markets but will likely keep rates unchanged until 2022. The Swiss economy is recovering from COVID and seems stable.

AUDJPY – Daily Chart

AUDJPY Daily Chart

As suggested in our last chart analysis, price reversed around 78.15 and has been moving sideways.

AUDJPY continues to be indecisive and lack trend direction. The moving averages are currently moving sideways – confirming the market indecision.

Trading opportunities may exist around the moving averages and around any of the horizontal levels at 75.75, 78.15, 78.85, 81.75, 82.35 and 85.30.

The Bank of Japan (BOJ) continues to keep interest rates at the record low of -0.10%. The Japanese economy is expected to make a moderate recovery from the COVID crisis but some analysts are stating that the Japanese economy is stagnant and may experience economic challenges in the coming months.

The Reserve Bank of Australia (RBA) continues to keep the official interest rate at the record low of 0.10%. The rate is could stay the same until 2024. The RBA are expecting an economic bounce back during 2022.

AUDUSD – Daily Chart

AUDUSD Daily Chart

Price has continued to be bearish and swing lower, as suggested in our last AUDUSD analysis.

AUDUSD is currently moving sideways and is starting to look indecisive – the downtrend may becoming to an end. The daily moving averages continue to signal potential downside though – they are bearish and widening. Price may start ranging between 0.7120 and 0.7450.

Trading opportunities could exist around the moving averages and around any of the horizontal levels at 0.7000, 0.7120, 0.7180, 0.7450, 0.7585, 0.7855 and 0.7975.

The Reserve Bank of Australia (RBA) continues to keep the official interest rate at the record low of 0.10%. The rate is could stay the same until 2024. The RBA are expecting an economic bounce back during 2022.

The Federal Reserve have stated that they will do everything they can to support the US economy and to help a robust recovery. The current rate is set at 0.25% (record lows). The US economy is bouncing back quicker than originally expected and is making a strong economic recovery post-COVID. Inflation has elevated and may continue to do so in the coming months.

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