The Australian dollar remained volatile against the US dollar at 0.67346. Boosted by unexpected income from soaring commodity prices, Australia's budget deficit in fiscal year 2023 will be less than half the level expected by the previous government in March. Data released on Tuesday showed that the potential cash deficit would be A $36.9 billion by June 2023.
AUDUSD AUDUSD - 4-hour K line chart shows:
The 4-hour chart shows that the bulls' power has risen strongly at a high level, short-term bullish sentiment has emerged, and the market bulls have a further upward trend. The MACD index moves upward on the upper side of the 0 axis, and the RSI index is arranged in the bulls' area;
Empty turning point: 0.67200
Pressing: 0.67,623, 0.67,885
Support: 0.66938, 0.66653
Trading strategy: bullish above 0.67200, target 0.67623, 0.67885
Alternative strategy: bearish at 0.67200, with targets of 0.66938 and 0.66653