{"id":190793,"date":"2021-08-09T05:12:06","date_gmt":"2021-08-09T05:12:06","guid":{"rendered":"https:\/\/www.gcmasia.co\/analysis\/en\/?p=190793"},"modified":"2021-08-09T05:12:06","modified_gmt":"2021-08-09T05:12:06","slug":"090821-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/090821-afternoon-session-analysis\/","title":{"rendered":"090821 Afternoon Session Analysis"},"content":{"rendered":"

09 August 2021\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 rebound following upbeat China data.<\/strong><\/span><\/p>\n

The Australian dollar which traded against the dollar and other currency pairs manage to limit its losses and rebound after recent release of upbeat China inflation data. According to National Bureau of Statistics of China, China\u2019s headline CPI have improved from previous reading of -0.4% to 0.3%, which also surpassed market expectation of 0.2%. At the same time, China PPI also rose to 9%, better than market expectation of 8.8%. In addition, positive news in Australia\u2019s covid situation also help providing some support. Australian State Victoria\u2019s Premier Daniel Andrews recently announced that the region will exit the virus-led lockdown from midnight but activity restrictions will remain the same in Melbourne for now as Australia\u2019s covid figures have eased from last Friday of 363 to recently around 290. At the time of writing, AUD\/USD rose 0.04% to 0.7355.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price extends losses and plunged 1.66% to $66.89 amid new pandemic curbs in Asia especially China sparking concerns towards fuel demand. Monday have reported new 125 new COVID-19 cases on Monday, up from 96 a day before. As a result of surging cases, China has reimposed restrictions which include flight cancellations, warnings by 46 cities against travel and also limits public transports as well as taxi services in 144 of the worst hit areas. On the other hand, gold price fell 1.20% to $1741.83 a troy ounce at the time of writing following rising dollar strength.<\/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

N\/A<\/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
22:00<\/td>\nUSD – JOLTs Job Openings (Jun)<\/td>\n9.209M<\/td>\n9.270M<\/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 higher following prior breakout above the previous resistance level 92.65. MACD which illustrate persistent bullish momentum signal suggest the dollar to extend its gains towards the resistance level 93.10.<\/p>\n

 <\/p>\n

Resistance level: 93.10, 93.45<\/p>\n

Support level: 92.65, 92.15<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower following prior breakout below the previous support level 1.3885. MACD which illustrate bearish bias signal suggest the pair to extend its losses towards the support level 1.3745.<\/p>\n

 <\/p>\n

Resistance level: 1.3885, 1.3990<\/p>\n

Support level: 1.3745, 1.3600<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower while currently testing the support level 1.1755. However, MACD which illustrate diminishing bearish momentum signal suggest the pair to experience a technical correction towards the resistance level 1.1830.<\/p>\n

 <\/p>\n

Resistance level: 1.1830, 1.1880<\/p>\n

Support level: 1.1755, 1.1705<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher currently testing near the resistance level 110.45. MACD which illustrate diminishing bullish momentum signal suggest the pair to be traded lower as technical correction towards the support level 109.70.<\/p>\n

 <\/p>\n

Resistance level: 110.45, 111.00<\/p>\n

Support level: 109.70, 109.20<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher following prior rebound from the support level 0.7330. MACD which illustrate diminishing bearish momentum signal suggest the pair to extend its rebound towards the resistance level 0.7415.<\/p>\n

 <\/p>\n

Resistance level: 0.7415, 0.7485<\/p>\n

Support level: 0.7330, 0.7245<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded higher following prior rebound from the support level 0.7000. MACD which illustrate diminishing bearish momentum signal suggest the pair to extend its rebound towards the resistance level 0.7075.<\/p>\n

 <\/p>\n

Resistance level: 0.7075, 0.7135<\/p>\n

Support level: 0.7000, 0.6925<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded higher following recent breakout above the previous resistance level 1.2535. MACD which illustrate bullish bias signal suggest the pair to extend its gains towards the resistance level 1.2600.<\/p>\n

 <\/p>\n

Resistance level: 1.2600, 1.2675<\/p>\n

Support level: 1.2535, 1.2440<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded higher following prior breakout above the previous resistance level 0.9135. MACD which illustrate ongoing bullish momentum signal suggest the pair to extend its gains towards the resistance level 0.9200.<\/p>\n

 <\/p>\n

Resistance level: 0.9200, 0.9245<\/p>\n

Support level: 0.9135, 0.9090<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded lower following prior breakout below the previous support level 68.00. MACD which illustrate bearish momentum signal with the formation of death cross suggest the pair to extend its losses towards the support level 65.65.<\/p>\n

 <\/p>\n

Resistance level: 68.00, 70.90<\/p>\n

Support level: 65.65, 63.45<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded lower while currently testing near the support level 1725.50. MACD which illustrate persistent bearish momentum signal suggest the commodity to extend its losses after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 1762.40, 1792.10<\/p>\n

Support level: 1725.50, 1679.60<\/p>\n","protected":false},"excerpt":{"rendered":"

09 August 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis   Aussie rebound following upbeat China data. The Australian dollar which traded against the dollar and other currency pairs manage to limit its losses and rebound after recent release of upbeat China inflation data. According to National Bureau of Statistics of China, China\u2019s headline CPI have improved from previous […]<\/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\/190793"}],"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=190793"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/190793\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=190793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=190793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=190793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}