AUDUSD: Low level interval oscillation moves up

Fundamental analysis:

The Aussie dollar remained volatile against the US dollar at 0.65070. The Australian Federal Reserve discussed the interest rate hike of 25 and 50 basis points at its September meeting, which gave the impression that it was possible to slow down the pace of interest rate hikes. RBA Chairman Lowe has always expressed the hope that the cash interest rate will be between 2.5-3.5%, and the interest rate will be increased many times in future meetings. This shows that when the current interest rate of 2.35% is lower than the bottom of the range, there is still a lot of work to be done.

AUDUSD AUDUSD - 4-hour K line chart shows:

Technical analysis:

The 4-hour chart shows that the low position and wide range fluctuate and shift, and the market bull power starts to slowly enter the market, showing signs of continued upward movement. The MACD index stays in the short position area and stays near the 0 axis, while the RSI index stays in the 50 balanced line side;

Empty turning point: 0.64977

Pressing position: 0.65324, 0.65556

Support position: 0.64723, 6.64468

Trading strategy: bullish above 0.64977, target 0.65324, 0.65556

Alternative strategy: 0.64977 lower bearish, target 0.64723, 6.64468