{"id":15059,"date":"2023-06-13T08:35:26","date_gmt":"2023-06-13T06:35:26","guid":{"rendered":"https:\/\/investmentbell.com\/?p=15059"},"modified":"2023-08-10T16:58:11","modified_gmt":"2023-08-10T14:58:11","slug":"volatility-expected-to-increase","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/ko\/financial-brokers-analysis\/forex-2\/volatility-expected-to-increase\/","title":{"rendered":"\ubcc0\ub3d9\uc131\uc774 \ucee4\uc9c8 \uac83\uc73c\ub85c \uc608\uc0c1"},"content":{"rendered":"

The USD<\/strong> remained in a relatively tight rangebound movement against its peers on Friday, yet the coming week is expected to generate substantial interest with the Fed\u2019s interest rate decision on Wednesday and the market increasingly expecting the bank to remain on hold at the 5.00%-5.25% range. Yet before that the release of the US CPI rates on Tuesday may alter the market\u2019s expectations and a number of high-impact financial releases scattered throughout the week are to keep traders\u2019 interest alive.<\/p>\n

USD\/JPY<\/strong> maintained its sideways motion as expected in Friday\u2019s report between the 138.70 (S1) support line and the 140.80 (R1) resistance line. We tend to maintain our bias for the sideways motion of the pair to continue, given also that the RSI indicator is running along the reading of 50, implying a rather indecisive market. Should the bulls take over the reins, regarding the pair\u2019s direction, we may see USD\/JPY breaking the 140.80 (R1) resistance line and aim for the 142.75 (R2) resistance level. Should the bears take over, we may see USD\/JPY breaking the 138.70 (S1) support line and aim for the 136.50 (S2) support level.<\/p>\n

We note also that in the FX market, the Loonie managed to remain relatively stable and end the week with some gains against the USD, despite May\u2019s Canadian employment data being worse than expected. Overall the market sentiment seems to be slightly improving as riskier assets such as US stock markets but also commodity currencies such as the Aussie were on the rise for the week.<\/p>\n

AUD\/USD<\/strong> edged higher on Friday aiming for the 0.6770 (R1) resistance line, yet there were some signs of a stabilisation during today\u2019s Asian session. For the time being, we tend to maintain our bullish outlook as the upward trendline guiding the pair since the 31st<\/sup> of May, seems to remain intact. Furthermore, the RSI indicator seems to be running along the reading of 70, underscoring the bullish sentiment of the market for the pair, yet may also imply that the pair may be nearing overbought levels and may be ripe for a correction lower. Should the pair find fresh buying orders along its path, we may see it breaking the 0.6770 (R1) resistance line and aim for the 0.6835 (R2) resistance level. Should a selling interest be expressed by the market we may see the pair reversing course, breaking initially the prementioned upward trendline, in a first signal that the upward trendline has been interrupted and proceed with breaking the clearly the 0.6700 (S1) support line and aiming for the 0.6640 (S2) support barrier.<\/p>\n

Click on the link<\/em> below to explore more about IronFX<\/strong> and join our reliable broker:<\/p>\n

https:\/\/www.ironfx.com\/en\/register?utm_source=009142&utm_medium=link&utm_campaign=IronFX_Sales<\/a><\/p>\n

 <\/p>\n

<\/span> 4.8<\/span><\/div>
<\/div>\n\t\t\t