03 November 2020

Reserve Bank of Australia Rate Decision: Tuesday, 3:30. The RBA has pegged the Cash Rate at 0.25% since March, but has sent broad hints to the markets that it plans to trim rates. Analysts expect the central bank to pull the trigger this week and cut rates to 0.10%. Investors will also be interested in the rate statement, which will provide details on the central bank’s view of the economy.

AUD<> Reserve Bank of Australia Rate Decision

  • EURUSD

The chart above shows that the pair is trading above a strong support level that is 1.1600. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.1800 followed by 1.1900.

Resistance levels: Support levels: Recommended:
▪ 1.1950
▪ 1.1900
▪ 1.1800
▪ 1.1600
▪ 1.1580
▪ 1.1550
We are bullish as long as the pair is trading above the level of 1.1600.
  • GBPUSD

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.3200. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.2950 followed by 1.2900.

Resistance levels: Support levels: Recommended:
▪ 1.3300
▪ 1.3350
▪ 1.3200
▪ 1.2950
▪ 1.2900
▪ 1.2860
We are bearish as long as the pair is trading below the level of 1.3200.
  • GOLD

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1920. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1850. On the other hand, if the level of 1920 is broken, we can go long targeting the level of 1950 followed by 1980.

Resistance levels: Support levels: Recommended:
▪ 1980
▪ 1950
▪ 1920
▪ 1880
▪ 1850
▪ 1825
We are bearish as long as the pair is trading below the level of 1920.
  • AUDUSD

As could be seen on the chart above that the pair is trading above a strong support level that is 0.7030. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.7250.

Resistance levels: Support levels: Recommended:
▪ 0.7275
▪ 0.7260
▪ 0.7240
▪ 0.7030
▪ 0.7000
▪ 0.6980
We are bullish as long as the pair is trading above the level of 0.7030.
  • GBPJPY

The chart above shows that the pair is trading above a strong support level that is 133.50. Therefore, we are bullish as long as the pair is trading above it. Our first target is 137 followed by 137.50

Resistance levels: Support levels: Recommended:
▪ 138.00
▪ 137.40
▪ 137.00
▪ 134.00
▪ 133.80
▪ 133.50
We are bullish as long as the pair is trading above the level of 133.50

Disclaimer: The information contained in this publication is produced by Land-FX and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land-FX current judgment and may change without notice. This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent that Land-FX. This email and the information it contains may be confidential, proprietary or legally privileged. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.

카테고리 FAQ