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AUDUSD: High level lifting

Fundamental analysis:

The Australian dollar remained volatile against the US dollar at 0.67137. The Australian yield fell for three consecutive days, and the 10-year bond yield fell to 3.655%.

AUDUSD AUDUSD - 4-hour K line chart shows:

Technical analysis:

The 4-hour chart shows that the bull power continues to move up, the short-term bullish sentiment remains, the market bull power continues to rise, the MACD indicator is in the bull region and the RSI indicator is in the bull region and moves up;

Empty turning point: 0.67025

Pressing: 0.67390, 0.67623

Support: 0.66760, 0.66487

Trading strategy: bullish above 0.67025, target 0.67390, 0.67623

Alternative strategy: bearish at 0.67025, target 0.66760, 0.66487

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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