AUDUSD: Bulls move up

Fundamental analysis:

The Australian dollar remained volatile around 0.67135 against the U.S. dollar, and the Australian 10-year government bond yield rose nearly 40 basis points this week, on track for its biggest gain since June, as the return of funds from Japanese investors to the country will weaken demand for Australian government bonds. Coupled with the general hawkish tendencies of global central banks this month, the overperformance of Australian government bonds may have come to an end. Markets are closed on Monday for Christmas.

Australian dollar AUDUSD - 4-hour K-line chart shows:

Brief technical analysis:

Looking at the 4-hour chart: the momentum of the low-level bulls keeps oscillating and moving up, short-term bullish sentiment emerges, the market bulls are oscillating and pulling up, the MACD indicator is hovering below the 0 axis, and the RSI indicator is in a weak order near the 50 balance line;

Long-short turning point: 0.67038

Suppression: 0.67296, 0.67459

Support: 0.66874, 0.66716

Trading strategy: Bullish above 0.67038, target 0.67296, 0.67459

Alternative strategy: bearish below 0.67038, target 0.66874, 0.66716