简体中文
ภาษาไทย
繁體中文
Indonesia
AUDUSD: Bears on the downside
2023-02-22
956
Fundamental analysis:
AUD/USD remained volatile around 0.68573, RBA meeting minutes: The decision to raise interest rates by 25 basis points reflects peak inflation and declining incomes, 25 basis points and 50 basis points were considered in the policy decision, committee members pointed out that cash Interest rates are lower than in many economies.
Australian dollar AUDUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum remains volatile and downward, the short-term decline has not stopped, the market bearish sentiment emerges, the MACD indicator is weakly finishing below the 0 axis, and the RSI indicator is weakly hovering below the 50 balance line;
Long-short turning point: 0.68683
Suppression: 0.68853, 0.68039
Support: 0.68417, 0.68246
Trading strategy: bearish below 0.68683, target 0.68417, 0.68246
Alternative strategy: Bullish above 0.68683, target 0.68853, 0.68039
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
