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AUDUSD: high rise
2022-11-25
1246
Fundamental analysis:
The Australian dollar remained volatile around 0.67634 against the US dollar, and the yield on the 10-year Australian government bond fell 5 basis points to 3.668%. The US dollar rose sharply against every major currency, driven by the Federal Reserve's massive interest rate hike. But recent U.S. consumer price data came in below expectations, fueling investor hopes that the Federal Reserve may slow the pace of interest rate hikes.
AUDUSD AUDUSD - 4-hour K-line chart shows:
A brief technical analysis:
From the 4-hour chart: the bullish momentum is rising at a high level, and it is about to break through the node near the previous high. The market is in a bullish trend as a whole, the MACD indicator is in the bullish area and continues to rise, and the RSI indicator is in the bullish area.
Long and short turning point: 0.67508
Suppression: 0.67885, 0.68147
Support: 0.67238, 0.66938
Trading strategy: bullish above 0.67508, target 0.67885, 0.68147
Alternative strategy: bearish below 0.67508, target 0.67238, 0.66938
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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