ANALYSIS
NQ100 Finds Support from PPIApr 14
AUDUSD Focused on Reaching 1-Month High
Markets continue to price the expectation that there will be a 50 basis point increase in interest rates instead of 75 before the Federal Open Market Committee (FOMC) meeting, which is only a few days away. At this point, we see that the US 10-years, which fell below 3.50 percent, support the currencies of major countries. Technically, parity appears to be continuing its intermediate uptrend after a slight correction. If the strong 0.6845 resistance above can be overcome, the recovery may extend to 0.6915, the 1-month high. In retreats, 0.6730 and 0.6665 supports will be in our follow-up.
