The Australian Central Bank Unexpectedly Raised Interest Rates By 25 Points &Nbsp; &Nbsp; &Nbsp; Stimulated The Aussie Dollar To Rise Sharply Against The US Dollar.

2 days in the Asian market,

At the beginning of the Asian market, the Australian dollar rose sharply against the US dollar, and the market waited cautiously for the outcome of the Australia central bank's interest conference.

Earlier, many institutions expect the Australian central bank to maintain interest rates unchanged, the Australian central bank's move to boost the Australian dollar intraday slightly higher, the Australian dollar against the dollar may close to parity.

Rui Yin Kim foreign exchange strategist Brian Kim pointed out that the Aussie dollar will follow the general trend of the US dollar against the US dollar.

If the Republicans get the advantage in the upcoming US mid-term elections, the dollar is expected to rise.

Kim pointed out that after the 2 day resolution of the Australian central bank, the focus of the market is on the new forecast of the Australian central bank's 5 report on future economic growth and inflation.

JPMorgan Chase & Co. believes that the Australian dollar will go up against the US dollar as the Federal Reserve will expand the scale of quantitative easing in from November 2nd to 3rd, suggesting investors to buy the Australian dollar against the US dollar, Morgan.

On the one hand, after the Australian central bank's interest rate decision, the Australian dollar is expected to re establish the trend of the market. On the other hand, whether the Federal Reserve announces a new round of quantitative easing policy will also have an impact on the Australian dollar to the US dollar.

However, from the perspective of economic data, Australia's economic fundamentals are better at present, which will be a long-term positive for the Aussie dollar.

Foreign exchange analysts believe that from a technical point of view, the Australian dollar against the dollar yesterday after the high jump opened a concussion trend.

The 5 - day and 10 - day averages are intertwined, and there are signs of picking up. The 30 - day average keeps up the rising trend, and the low KD index forms the golden fork.

The Australian dollar to the US dollar as a whole is at a high consolidation interval. It is expected that the market will have the chance to challenge the 1 integer pass, that is, the upper limit of the interval.

If we can really break through this position, we will open up the space for further resistance in the 1.0075 area.

Below the initial support in the 30 day moving average 0.9770, the position before the exchange rate to form a better support.

The key support is near the lower limit of 0.9650.