On April 18, the euro rose by 0.42%to 1.0974 after the euro fell more than 0.5%for two consecutive days.The Chinese economic growth data announced on the same day is better than forecast. When you see that other countries in the world perform well in economic activities or better than the United States, this is usually not good for the US dollar.In addition, the normalization of the European Central Bank's currency and the fundamentals of the euro area should continue to benefit the euro.The superimposed credit pulse and the Sino -European trade dynamics will provide additional smooth winds for the euro.
On the daily chart, the euro/dollar as a whole has remained intact. The short -term is recorded below 1.1100. The black cloud covers may be further stepped back to MA20 support.The 4 -hour chart was blocked and fell on the front line of 1.1075, but the short -term follow -up was limited.At present, there is a preliminary support near 1.09. If the exchange rate is adjusted not to fall at this level, the euro/USD will climb along the raised track.If it falls below 1.09, it may further adjust and fall, and continue to test the support level of 1.08 below.
The pound was reported to the US dollar at $ 1.2427, up 0.43%that day.According to the data released on the same day, in the three months of February, the UK's unemployment rate unexpectedly increased by 3.8%, which was higher than the 3.7%of the analysts in the Reuters survey.Three months ended in January, salary increased by 5.9%year -on -year.The three -month salary increase in February also remained at this level, which is much higher than the 5.1%of the Reuters survey forecast.The wage increase without bonuses remained at 6.6%.The data situation supports investors' expectations for the British Bank of Britain to continue to raise interest rates to suppress inflation.These data may make the Bank of England adopt a relatively not so pigeon approach in the central bank (G10) central bank, and the weakening of other G10 members' economic momentum seems to be more serious.Some agencies believe that any signs that are conducive to the differentiated economic prospects and other countries should help the pound to strengthen.
Judging from the daily chart, the British/USD continues to remain in the rising channel, and it is currently temporarily reluctant to stand above the 20th moving average.If it can break through the front height 1.2547, it is expected to continue the trend of rebound since March 8.Once below falls below 1.23, it will need to prevent the pound of a deeper retracement.
The Australian dollar rose 0.39%against the US dollar to 0.6730. Previously, the Australian Central Bank conference records showed that the central bank considers the 11th consecutive interest rate hikes in April before deciding to suspend interest rate hikes.However, the Australian Central Bank said that if inflation and demand fail to cool down, it is ready to tighten further.The Australian Federal Reserve's eagle -like sound has stacked the stimulus of economic data that has performed well in China, and the Australian dollar has recently received better support.
On the daily chart, the Australian dollar/USD still maintains the trend of the interval shock. At present, the exchange rate has returned to the top line of the Bollinger belt. Various technical indicators have turned upward trend.The initial resistance position above is 0.68. If it can cross, the Australian dollar is expected to be close to the 0.70 level that has been out of 0.70 for a long time.The current preliminary support level below is 0.6695/0.6700, which is more supportive near 0.6600.
