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AUDUSD: Low level wide amplitude oscillation
2022-09-20
1104
Fundamental analysis:
The AUD/USD remained volatile around 0.67256. It is expected that the Bank of Australia will raise interest rates by 50 basis points at its October meeting and 25 basis points at its November, December and February meetings next year, raising the terminal interest rate from 3.35% to 3.60%.
AUDUSD AUDUSD - 4-hour K line chart shows:
Technical analysis:
The 4-hour chart shows that the bearish power maintains a weak shock, and the market bulls begin to slowly wait for opportunities to enter the market, but they are still in the low position and wide range consolidation, the MACD indicator is in the bearish area and maintains consolidation and upward movement, and the RSI indicator is hovering near the 50 equilibrium line;
Empty turning point: 0.67203
Pressing position: 0.67488, 6.67692
Support position: 0.67010, 0.66837
Trading strategy: 0.67203 is bullish, and the targets are 0.67488 and 6.67692
Alternative strategy: 0.67203 bearish, target 0.67010, 0.66837
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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