简体中文
ภาษาไทย
繁體中文
Indonesia
AUDUSD: bearish shock downward
2022-10-11
1060
Fundamental analysis:
The Australian dollar remained volatile against the US dollar at 0.62972, while the Federal Reserve remained hawkish. The risk of global economic recession rose. The market did not believe that the risk asset market had fully reflected this. Given the risk sensitivity/procyclicality of the Australian dollar and its high correlation with global economic growth, this is a continuing threat to the Australian dollar.
AUDUSD AUDUSD - 4-hour K line chart shows:
Technical analysis:
The 4-hour chart shows that the bearish momentum remains weak and the shock continues to move downward, and the short-term decline may continue. The bearish sentiment in the market is good, and there is a further downward trend. The MACD indicator remains in the bearish area and the shock continues to move downward, while the RSI indicator remains in the bearish area and maintains consolidation;
Empty turning point: 0.63100
Pressing: 0.63408, 0.63692
Support: 0.62679, 0.62430
Trading strategy: bearish at 0.63100, target 0.62679, 0.62430
Alternative strategy: bullish above 0.63100, target 0.63408, 0.63692
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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
