TriumphFX – Forex Analysis – AUD Pairs – January, February & March 2022


Previous analysis… https://analysis.tfxi.com/2021/10/11/triumphfx-forex-analysis-aud-pairs-october-november-december-2021/

AUDCAD – Daily Chart

AUDCAD Daily Chart

As suggested in our previous analysis, price reversed around the bearish channel resistance area and has continued to be bearish.

AUDCAD is clearly down-trending – price action has formed a series of lower swing highs and lower swing lows. The moving averages are bearish but tightening, signalling that downside momentum may be weakening – the downtrend may becoming to an end.

Opportunities to go short could exist around the longer-term moving average, around the trend resistance area and around the horizontal levels at 0.9310, 0.9360, 0.9390, 0.9485, 0.9540 and 0.9735. A bearish move may stall or reverse around the shorter-term moving average and around the horizontal support levels at 0.9100 and 0.8975.

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 for the near future – possibly until 2024. The RBA are expecting an economic bounce back during 2022. Inflation pressures in Australia seem to be less than in other countries.

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. A rate increase is currently expected mid-2022. Inflation targets continue to be a priority and the BOC expect inflation to continue to be elevated during 2022.

AUDCHF – Daily Chart

AUDCHF Daily Chart

Price reversed around 0.6900, as suggested in our last AUD chart analysis.

AUDCHF has been bearish and has formed a swing lower. Price continues to look indecisive though. The moving averages confirm this – they are tightening and are moving sideways.

Trading opportunities may exist around the moving averages and around any of the horizontal levels at 0.6390, 0.6400, 0.6520, 0.6675, 0.6800, 0.6900, 0.6980, 0.7030 and 0.7150.

The Swiss National Bank (SNB) continues to keep rates at the all-time low of -0.75%. The SNB will continue to keep ultra-loose monetary policy in order to provide support to the Swiss economy. The bank continues to intervene with Foreign Exchange markets with regard to temper the value of the Swiss Franc.

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 for the near future – possibly until 2024. The RBA are expecting an economic bounce back during 2022. Inflation pressures in Australia seem to be less than in other countries.

AUDJPY – Daily Chart

AUDJPY Daily Chart

As suggested in our last AUD chart analysis, the AUDJPY reversed around 78.85 and continues to be indecisive.

Price is lacking trend direction and is indecisive. The moving averages confirm the market indecision – they are tight and are moving sideways.

Trading opportunities could exist around the moving averages and around the identified horizontal levels at 78.15, 78.85, 81.80 and 85.90.

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 for the near future – possibly until 2024. The RBA are expecting an economic bounce back during 2022. Inflation pressures in Australia seem to be less than in other countries.

The Bank of Japan (BOJ) continues to keep interest rates at the record low of -0.10%. The Japanese economy is making a steady but moderate recovery from the COVID crisis.

AUDUSD – Daily Chart

AUDUSD Daily Chart

The AUDUSD recently found support around 0.7000, as suggested in our last AUD analysis.

Price action has formed a bearish move lower, signalling a potential downtrend. The daily moving averages confirm the potential downtrend – they are bearish and steady.

Shorting opportunities may exist around the dynamic resistance of the moving averages and around any of the horizontal levels at 0.7180, 0.7450, 0.7530 and 0.7585. A bearish move could be rejected or reverse around the recent swing low at 0.7000.

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 Fed will be cautious about raising rates, especially with the current Omnicron breakout.

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 for the near future – possibly until 2024. The RBA are expecting an economic bounce back during 2022. Inflation pressures in Australia seem to be less than in other countries.

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