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AUDUSD: low order

Fundamental analysis:

AUD/USD remained volatile around 0.67405 ahead of Wednesday's release of GDP data for the fourth quarter of 2022, which could have an impact on wages. The annual increase in private sector wage spending was the fastest since 2007.

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

Brief technical analysis:

Looking at the 4-hour chart: After the short momentum continued to fluctuate and move down, the low level was sorted out in a narrow range.

Long-short turning point: 0.67319

Suppression: 0.67563, 0.67737
Support: 0.67120, 0.66927

Trading strategy: Bullish above 0.67319, target 0.67563, 0.67737
Alternative strategy: bearish below 0.67319, target 0.67120, 0.66927

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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