{"id":167843,"date":"2021-04-14T04:40:58","date_gmt":"2021-04-14T04:40:58","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=167843"},"modified":"2021-04-14T04:40:58","modified_gmt":"2021-04-14T04:40:58","slug":"140421-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/140421-afternoon-session-analysis\/","title":{"rendered":"140421 Afternoon Session Analysis"},"content":{"rendered":"

14 April 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis<\/strong><\/p>\n

Kiwi rose following RBNZ rate decision.<\/strong><\/span><\/p>\n

During late Asian session, the New Zealand Kiwi which traded against the dollar and other currency pairs have appreciated following the RBNZ rate decision during earlier today. The RBNZ is leaving its monetary policy unchanged at 0.25% and also large-scale asset purchases program at NZ$100 billion. In its statement, the central bank stated that it will mostly likely leave the current monetary settings in place until inflation and jobs target are achieved. On the other hand, positive news in Australia also provide some extra boost for the pair. According to the Premier of Queensland Annastacia Plaszczuk, the restriction which currently imposed on Queensland would ease starting 15 April. As Australia becomes New Zealand\u2019s biggest trading partner, thus the news also favor Kiwi buyers. At the time of writing, NZD\/USD rose 0.48% to $0.7085.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price hold steady and edge higher 0.17% to $60.59 per barrel as of writing following OPEC optimism. According to OPEC\u2019s monthly report, OPEC boosted its consumption forecast for 2021 and also predicted that the market recovery will continue in upcoming months. On top of that, the commodity also continue to be supported by falling crude inventories showed by API recently. On the other hand, gold price jumps 0.09% to $1743.76 a troy ounce at the time of writing amid dollar weakness.<\/p>\n

 <\/p>\n

Today\u2019s Holiday Market Close<\/u><\/p>\n

Time\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event <\/strong><\/p>\n

N\/A<\/p>\n

 <\/p>\n

Today\u2019s Highlight Events<\/u><\/p>\n

Time\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event<\/strong><\/p>\n

22:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 EUR\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ECB President Lagarde Speaks
\n00:00\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 USD\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Fed Chair Powell Speaks<\/p>\n

(15th<\/sup>)<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economic Data<\/u><\/p>\n\n\n\n\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
22:30<\/td>\nCrudeOIL \u2013 Crude Oil Inventories<\/td>\n-3.522M<\/td>\n-2.889M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Technical Analysis<\/u><\/strong><\/p>\n

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was traded lower following prior breakout below the previous support level at 92.00. MACD which illustrated increasing bearish momentum suggest the index to extend its losses toward support level at 91.35.<\/p>\n

 <\/p>\n

Resistance level: 92.00, 92.55<\/p>\n

Support level: 91.35, 90.80<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded higher following prior rebound from the support level at 1.3675. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains toward resistance level at 1.3800.<\/p>\n

 <\/p>\n

Resistance level: 1.3800, 1.3905<\/p>\n

Support level: 1.3675, 1.3560<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher following prior breakout above the previous resistance level at 1.1920. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains toward resistance level at 1.1985.<\/p>\n

 <\/p>\n

Resistance level: 1.1985, 1.2045<\/p>\n

Support level: 1.1920, 1.1860<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded lower following prior breakout below the previous support level at 109.20. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses toward support level at 108.45.<\/p>\n

 <\/p>\n

Resistance level: 109.20, 109.90<\/p>\n

Support level: 108.45, 107.70<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher while currently testing the resistance level at 0.7665. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains after it successfully breakout above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 0.7665, 0.7705<\/p>\n

Support level: 0.7610, 0.7570<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, Daily: <\/strong>NZDUSD was traded higher following rebound from the support level at 0.6960. MACD which illustrated increasing bullish momentum suggest the pair to extend its gains toward resistance level at 0.7110.<\/p>\n

 <\/p>\n

Resistance level: 0.7110, 0.7320<\/p>\n

Support level: 0.6960, 0.6760<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded lower while currently near the support level at 1.2515. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses after it successfully breakout below the support level.<\/p>\n

 <\/p>\n

Resistance level: 1.2565, 1.2615<\/p>\n

Support level: 1.2515, 1.2475<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, Daily: <\/strong>USDCHF was traded lower following prior breakout below the previous support level at 0.9225. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses toward support level at 0.9150.<\/p>\n

 <\/p>\n

Resistance level: 0.9225, 0.9365<\/p>\n

Support level: 0.9150, 0.9060<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher following prior breakout above the previous resistance level at 59.90. MACD which illustrated increasing bullish momentum suggest the commodity to extend its gain toward resistance level at 61.85.<\/p>\n

 <\/p>\n

Resistance level: 61.85, 63.60<\/p>\n

Support level: 59.90, 57.40<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher following prior rebound from the support level at 1738.35. MACD which illustrated increasing bullish momentum suggest the commodity to extend its gains toward resistance level at 1754.30.<\/p>\n

 <\/p>\n

Resistance level: 1754.30, 1779.55<\/p>\n

Support level: 1738.35, 1724.00<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

14 April 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis Kiwi rose following RBNZ rate decision. During late Asian session, the New Zealand Kiwi which traded against the dollar and other currency pairs have appreciated following the RBNZ rate decision during earlier today. The RBNZ is leaving its monetary policy unchanged at 0.25% and also large-scale asset purchases program […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[13],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/167843"}],"collection":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=167843"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/167843\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=167843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=167843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=167843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}