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AUDUSD: bear accelerated downlink
2022-09-26
1102
Fundamental analysis:
The US dollar index further expanded its rise, reaching a new high of 112.347 since late May 2002, and is now up 2.18% to 112.059. The Federal Reserve raised interest rates by 75 basis points for the third time in a row as scheduled.
AUDUSD daily chart
Technical analysis:
From the daily chart, we can see that the short-term exchange rate starts to accelerate its downward trend. MACD runs below the zero axis and the volume can be increased. RSI continues to decline. It is expected that the exchange rate probability will further decline after the rebound.
Empty turning point: 0.6850
Pressing position: 0.7030 0.7200
Support position: 0.6650 0.6450
Trading strategy: bearish at 0.6850, target 0.6650, 0.6450
Alternative strategy: bullish above 0.6850, target 0.7030, 0.7200
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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