AUDUSD: high volatility

Fundamental analysis:

The Australian dollar remained volatile around 0.68430 against the U.S. dollar, and Australian bond yields fell collectively. The 10-year Australian bond yield fell 12 basis points to 4.048%; the Australian dollar rose 1.1% on the day, standing at 0.68; The new policy prohibits foreigners from buying houses, but local experts warn that this cannot solve the fundamental problem; it is reported that China is considering partially ending the ban on Australian coal imports, and Whitehaven Coal, Australia's fourth largest coal company, rose by more than 3%.

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

Brief technical analysis:

Looking at the 4-hour chart: the bullish momentum continues to rise, the short-term bullish sentiment is shrouded, the high level is in a short-term shock and retracement, but it is still in the bullish high volatility, the MACD indicator is moving up from the high level in the bullish area, and the RSI indicator is hovering above the 0 axis;

Long-short turning point: 0.68315

Suppression: 0.68586, 0.68745

Support: 0.68156, 0.67987

Trading strategy: Bullish above 0.68315, target 0.68586, 0.68745

Alternative strategy: bearish below 0.68315, target 0.68156, 0.67987