AUDUSD: high position up

Fundamental analysis:

The AUD/USD remained volatile around 0.67,603, and the prospective guidance review of the Federal Reserve of Australia found significant communication challenges. When interest rates rose earlier than expected, time-based guidelines drew widespread criticism. The Committee expects to further increase interest rates in the coming period. In November, we chose to raise interest rates by 25 basis points because interest rates have risen significantly, but we have not yet fully felt the impact.

AUDUSD AUDUSD - 4-hour K line chart shows:

Technical analysis:

The 4-hour chart shows that the bulls' momentum continues to move up in a continuous upward trend, and short-term bullish sentiment continues without any sign of stopping. MACD indicators are at a high level in the bulls' area, while RSI indicators remain hovering in the bulls' area;

Empty turning point: 0.67438

Pressing: 0.67927, 0.68240

Support: 0.67106, 0.66760

Trading strategy: bullish above 0.67438, target 0.67927, 0.68240

Alternative strategy: 0.67438 lower bearish, target 0.67106, 0.66760