AUDUSD Analysis
AUDUSD has formed a big reversal pinbar and the price is rebounding from the low level of the descending triangle pattern in the daily timeframe chart.
After the confirmation of Uptrend movement, AUDUSD buy signal is given.
But AUDUSD is breaking the current support and trying to test the low level again in the daily timeframe chart which leads to the SL price.
Australian Dollar: Iron ore Prices are hiked
The price of Iron ore reached $95 this week from a low of $82.50. And Miners of Iron ore preferred $20 per ton, but marginal players said $80-90 per ton for importers countries. Due to this, China is now seeing various other nations for Iron ore consumption.
But Australia is the largest exporter of Iron ore. And China seems a powerful nation to solve the problems of Iron ore prices hikes.
So, RBA maintains the cash rate at the same level without making any changes until 2024.
US Dollar: White house like to extend the mandate mask period
The US would like to extend the mandate mask for travelers and Domestic passengers in All areas till March 18 2022, But the White House and Transportations security administration declined to comment.
As per rule January 18 2022, the mask mandate is progress and no further confirmation. The widespread of Covid-19 new variant mandate mask is much essential for Every US Citizens as of now. So today US President like to extend the period of mandate mask for every people.
US Inflation expectations dwindled from higher and Rate hike will be soon
US inflation expectations came lower to two months low after FED reiterated inflation transitory is retired, and now the faster pace of assets tapering is mandatory on the table.This news dwindled the expectations of inflation makes higher.
In the US FOMC meeting, more tapering of assets than the previous month is expected.
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