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AUDUSD: high order
2023-06-20
701
Fundamental analysis:
The Australian dollar remained volatile around 0.68521 against the U.S. dollar. The Reserve Bank of Australia will announce the minutes of its June monetary policy meeting on Tuesday. Investors will get a glimpse of the Federal Reserve’s attitude towards further interest rate hikes; The interest rate was 25 basis points, pushing the peak interest rate to 4.6%.
Australian dollar AUDUSD - 4-hour K-line chart shows:
Brief technical analysis:
4-hour chart: high short-term weak consolidation, market bearish sentiment began to emerge slowly, short-term decline may drive drivers into the market, MACD indicator is in the bullish area to maintain a downward shock, RSI indicator is in a weak consolidation above the 50 balance line;
Resistance levels: 0.68994 0.69237
Support levels: 0.68266 0.67995
Trading strategy: bearish below 0.68698, target 0.68266 0.67995
Alternative strategy: Bullish above 0.68698, target 0.68994 0.69237
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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