{"id":172798,"date":"2021-05-10T04:28:04","date_gmt":"2021-05-10T04:28:04","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=172798"},"modified":"2021-05-10T04:28:04","modified_gmt":"2021-05-10T04:28:04","slug":"100521-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/100521-afternoon-session-analysis\/","title":{"rendered":"100521 Afternoon Session Analysis"},"content":{"rendered":"

10 May 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

 <\/p>\n

Aussie remains resilient despite mixed data.<\/strong><\/span><\/p>\n

During late Asian session, the Australian dollar which traded against the greenback and other currency pairs continue to keeps its bullish move intact despite with mixed Australian Retail Sales data and NAB Survey. According to Australian Bureau of Statistics, the retail sales for March have slipped to 1.3%, lower than market expectation of 1.4%. On the other hand, NAB Business Confidence jumps to 26 from 15. Still, positive news of vaccine for Australia have help support risk sentiment and the pair. According to reports, New South Wales resident that aged 40 \u2013 49 could have early access to Pfizer vaccine in the next few weeks. At the time of writing, AUD\/USD rose 0.03% to 0.7838.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price jumps 0.39% to $65.06 per barrel at the time of writing following reports of cyberattack that knocks out key pipeline. According to reports, Colonial Pipeline Co., a key supplier of gasoline, diesel and jet fuel to the eastern half of the U.S. have experienced a cyberattack and halted operations last Friday and stated that it is still developing a plan for restarting the key artery. On the other hand, gold price rose 0.06% to $1832.38 a troy ounce at the time of writing following weakness in greenback.<\/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 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 Economic Data<\/u><\/p>\n

N\/A<\/p>\n

 <\/p>\n

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

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was traded lower while currently testing the support level 90.15. MACD which illustrate ongoing bearish momentum suggest the dollar to extend its losses after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 90.65, 91.30<\/p>\n

Support level: 90.15, 89.65<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded higher following recent breakout above the previous resistance level 1.4000. MACD which illustrate persistent bullish bias signal suggest the pair to extend its gains towards the resistance level 1.4090.<\/p>\n

 <\/p>\n

Resistance level: 1.4090, 1.4190<\/p>\n

Support level: 1.4000, 1.3915<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower following prior retracement from the resistance level 1.2180. MACD which illustrate diminishing bullish momentum signal suggest the pair to extend its retracement towards the support level 1.2125.<\/p>\n

 <\/p>\n

Resistance level: 1.2180, 1.2230<\/p>\n

Support level: 1.2125, 1.2065<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher following prior rebound from the support level 108.45. MACD which illustrate diminishing bearish momentum signal suggest the pair to extend its rebound towards the resistance level 109.05.<\/p>\n

 <\/p>\n

Resistance level: 109.05, 110.45<\/p>\n

Support level: 108.45, 107.60<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher while currently testing near the resistance level 0.7860, However, MACD which illustrate diminishing bullish momentum signal suggest the pair to be traded lower as a technical correction towards the support level 0.7805.<\/p>\n

 <\/p>\n

Resistance level: 0.7860, 0.7925<\/p>\n

Support level: 0.7805, 0.7760<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded lower following prior retracement from the resistance level 0.7280. MACD which illustrate diminishing bullish momentum signal suggest the pair to extend its retracement towards the support level 0.7220.<\/p>\n

 <\/p>\n

Resistance level: 0.7280, 0.7330<\/p>\n

Support level: 0.7220, 0.7145<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded lower following prior breakout below the previous support level 1.2150. MACD which illustrate persistent bearish momentum signal suggest the pair to extend its losses towards the support level 1.2030.<\/p>\n

 <\/p>\n

Resistance level: 1.2150, 1.2270<\/p>\n

Support level: 1.2030, 1.1915<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded lower following prior breakout below the previous support level 0.9020. However, MACD which illustrate diminishing bearish momentum signal suggest the pair to experience a technical correction after it breaks back above the level.<\/p>\n

 <\/p>\n

Resistance level: 0.9020, 0.9135<\/p>\n

Support level: 0.8950, 0.8880<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price traded higher following recent rebound from the support level 64.40. MACD which illustrate diminishing bearish momentum signal suggest the commodity to extend its rebound towards resistance level 66.60.<\/p>\n

 <\/p>\n

Resistance level: 66.60, 67.85<\/p>\n

Support level: 64.40, 62.35<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded higher while currently testing the resistance level 1835.10. However, MACD which illustrate diminishing bullish momentum signal suggest the commodity experience a technical correction towards the support level 1813.85.<\/p>\n

 <\/p>\n

Resistance level: 1835.10, 1854.05<\/p>\n

Support level: 1813.85, 1795.25<\/p>\n","protected":false},"excerpt":{"rendered":"

10 May 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   Aussie remains resilient despite mixed data. During late Asian session, the Australian dollar which traded against the greenback and other currency pairs continue to keeps its bullish move intact despite with mixed Australian Retail Sales data and NAB Survey. According to Australian Bureau of Statistics, the retail sales […]<\/p>\n","protected":false},"author":54,"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\/172798"}],"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\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=172798"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/172798\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=172798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=172798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=172798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}