AUDUSD: Bulls soaring

Fundamental analysis:

The AUD/USD remained volatile around 0.66756. The Federal Reserve of Australia's monetary policy statement: it is estimated that interest rates need to be further raised. There is no preset path for interest rates. If necessary, interest rates will be increased by a larger margin or suspended. Interest rates have risen significantly, and we must be alert to the lag of policy operation. The global economic growth has slowed down significantly, and the simultaneous tightening of policies by central banks may bring risks.

AUDUSD AUDUSD - 4-hour K line chart shows:

Technical analysis:

The 4-hour chart shows that the bulls' momentum has soared rapidly, the short-term bullish sentiment of the market has emerged, and the bulls have made a strong attack. The early high is close to breaking, the MACD indicator is in the short position, and moves up and hovers near the 0 axis, while the RSI indicator is above the 50 equilibrium line;

Empty turning point: 0.64641

Pressing: 0.64991, 0.65224

Support: 0.64419, 0.64168

Trading strategy: 0.64641 is bullish, and the targets are 0.64991 and 0.65224

Alternative strategy: 0.64641 lower bearish, target 0.64419, 0.64168