[Fundamental × Technical Feature (11)] AUD USD: Chart Analysis
【Special Feature: Fundamentals × Technicals】
Find the optimal approach to reading the market!
This time we approach the market from both fundamentals and technicals. We will analyze major countries and major currency pairs from multiple angles and perspectives to uncover hints for the optimal way to face the market. In addition, we will pick up notable individual stocks, cryptocurrencies, and commodities to provide a comprehensive review of the 2020 market.
In fundamentals, we will have Yenzo analyze stock indices and the forex outlook, and in technicals, we will present long-term perspectives on major currency pairs with Yoko Yamanaka, a forex professional.
・(11) AUD/USD: Chart analysis ←This article is here
・(12) Markets beyond currency pairs (NASDAQ & GAFA, cryptocurrencies & commodities)
※This article is a reproduction/re-edit of FX攻略.com's March 2021 issue. Please note that the market information written in the text may differ from current market conditions.
YENzo Profile
Having worked as an FX dealer for over 20 years at City Bank (U.S.) and Standard Chartered Bank (UK) and other foreign banks, he is currently a top professional trader handling forex, the Nikkei 225, Nikkei options, and individual stocks. He is the representative director of ADVANCE Co., Ltd., which mainly distributes investment information.
Mail Magazine:YENzo Real-Time Top Trading
Blog:YENzo's FX Investing Techniques—Investing in the world with dollar, yen, euro, pound, and Australian dollar
Twitter:https://twitter.com/YENZOU
Yamanaka Koji Profile
Senator, Assendant Co. He joined Bank of America in 1982, became Vice President in 1989, Propriety Manager in 1993. In 1999, he served as Deputy Head of the FX Funds Department at Nikko City Trust Bank. In 2002, he founded Assendant Co.
Official Blog:FX Information Delivery Site by Assendant / Koji Yamanaka
Twitter：https://twitter.com/yasujiy
Testing the Ceiling with an Uplift that Primes Economic Recovery
The long-term AUD/USD chart has just broken above a resistance line that had been drawn for years by the end of 2020. As Yamanaka analyzes, once past the breakout, the 0.80 range and the recent high around 0.81 are within sight, suggesting that the AUD is likely to test higher levels as it prices in global economic recovery.
Reflecting on 2020, AUD/USD has followed an uptrend since April. Although it faced resistance in September, post-election in November, the dollar weakened and the pair accelerated higher, continuing a strong rise while updating highs. With a broad dollar-up trend in the background, further movement at higher levels is expected.
