Should we keep an eye on the direction of the rising Oceania currencies?

Should we keep an eye on the direction of the rising Oceania currencies?

01.03.2022

In the previous day’s U.S. currency trading, the AUD/USD pair surged by approximately 110 pips from 0.715 to 0.726 as the Dollar Index fell slightly to 96.7.The AUD/USD pair is rising with momentum that is approaching its recent high of 0.728 on the 4-hour chart, and since there is still room to reach the daily 200-day SMA, we will monitor the situation in Ukraine closely and make a cautious judgment on whether this upward trend will continue.

European currencies are under pressure from the firm Australian dollar, causing the EUR/AUD pair to decline. The pair has formed a long bearish candle, falling from 1.558 to 1.541. On the daily chart, the EUR/AUD pair has been falling steadily without any pullbacks since the 7th of last month. If this downward trend continues, we need to carefully assess whether the pair will rebound at the support level near 1.536, which is the recent low on the weekly chart.

Today’s schedule includes the Turkish Manufacturing PMI at 16:00 CET, the Swiss Manufacturing PMI at 17:30 CET, the UK Manufacturing PMI and Mortgage Approvals at 18:30 CET, the German Consumer Price Index (flash estimate) at 22:00 CET, the Canadian GDP at 22:30 EST, the US Manufacturing PMI at 23:45 EST,U.S. ISM Manufacturing PMI, U.S. Construction Spending, at 27:30 UK MPC Member Saunders’ remarks, at 28:00 UK MPC Member Mann’s remarks, U.S. Bostic: Atlanta Fed President’s remarks, U.S. Mester: Cleveland Fed President’s remarks, and at 6:45 the following day, New Zealand Housing Construction Permits are scheduled to be released.We will keep a close eye on the Australian dollar’s movements, taking geopolitical risks into account.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?