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AUDUSD: high up

2023-06-13
741
Fundamental analysis:

The Australian dollar remained volatile around 0.67528 against the U.S. dollar. RBA Chairman Philip Lowe warned that policy tightening is likely to continue as inflation remains too high. The hawkish policy statement pushed AUD/USD to a near one-month high of 0.6723.

Australian dollar AUDUSD - 4-hour K-line chart shows:



Brief technical analysis:

The 4-hour chart: the high-level bullish momentum maintains shocks and moves upward, the short-term bullish sentiment remains, the market bulls continue to rise, the MACD indicator is in the bullish zone, and the RSI indicator is in the bullish zone to maintain shocks;

Resistance levels: 0.67742 0.67896

Support levels: 0.67239 0.67062

Trading strategy: Bullish above 0.67427, target 0.67742 0.67896
Alternative strategy: bearish below 0.67427, target 0.67239 0.67062

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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