AUDUSD: high volatility

The Australian dollar remained volatile around 0.69796 against the US dollar. According to data from the Australian Bureau of Statistics, the labor shortage in Australia continues to worsen. There are currently 440,000 vacancies. 27.7% of enterprises are still facing a large number of vacancies, of which 45.3% of hotel accommodation companies have difficulties in recruiting workers; According to reports, Guangdong Customs has been notified that it can clear Australian coal.

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

Looking at the 4-hour chart: high short-term fluctuations in a narrow range, the market’s bullish momentum has signs of waiting for an opportunity to enter the market, short-term bullish momentum has begun to emerge slowly, the MACD indicator is in the bullish zone, and the RSI indicator is in the bullish zone to maintain lingering;

Long-short turning point: 0.69796

Suppression: 0.69989, 0.70176

Support: 0.69512, 0.69322

Trading strategy: Bullish above 0.69796, target 0.69989, 0.70176

Alternative strategy: bearish below 0.69796, target 0.69512, 0.69322