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AUDUSD: finishing high

2022-11-28
1261
Fundamental analysis:
AUD/USD remained volatile around 0.67439, ANZ postponed the RBA rate cut forecast from August 2024 to November 2024, as inflation and wage growth continued to rise; labor shortage employers offered signing bonuses, and job site Sooke reported wages It's up 4% over the past year.

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




A brief technical analysis:
From the 4-hour chart: the high level is maintained in the short term, and it is hovering near the previous high level. The short-term bear momentum is waiting for an opportunity to enter the market. The MACD indicator is in the bullish area and the RSI indicator is at the 50 equilibrium line.
Long and short turning point: 0.67508
Suppression: 0.67885, 0.68147
Support: 0.67154, 0.66892
Trading strategy: bearish below 0.67508, target 0.67154, 0.66892
Alternative strategy: bullish above 0.67508, target 0.67885, 0.68147

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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