The Australian dollar remained volatile against the US dollar at 0.67014. In August, Australia's full-time employed population increased by 33500, while the employment participation rate increased by 0.2 percentage points to 66.6%, and the unemployment rate rose slightly to 3.5%; The data confirmed the continuing tension in the Australian job market, providing support for the Federal Reserve of Australia to further raise interest rates in the coming months.
AUDUSD AUDUSD - 4-hour K line chart shows:
The 4-hour chart shows that the short selling momentum will continue to settle after the shock and decline. The short-term short selling sentiment may continue, and the market as a whole is still in a weak position. The MACD indicator is in the short selling area to maintain consolidation, and the RSI indicator is in a weak position below the 50 equilibrium line;
Empty turning point: 0.67117
Pressing position: 0.67286, 0.67488
Support position: 0.66837, 0.66680
Trading strategy: bearish at 0.67117, target 0.66837, 0.66680
Alternative strategy: bullish above 0.67117, target 0.67286, 0.67488