ANALYSIS
NQ100 Finds Support from PPIApr 14
AUDUSD Focuses on 7-Month High
The pressure on the dollar supports parity with the pricing of the expectations that the US Federal Reserve (FED) will be less aggressive in the tightening cycle in global markets. Technically speaking, it's pretty clear that parity is defending the rising channel movement. As long as the 0.7050 level is maintained as support below, the probability of parity reaching 0.7165 followed and then 0.7225, its highest level since June 2022, will continue to increase. In case of surprise declines below 0.7050, the 0.6995 – 0.6930 line can operate as a power collection zone.
