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AUDUSD: low order

Fundamental analysis:

The Australian dollar remained volatile around 0.65935 against the U.S. dollar. The interest rate expectations between the United States and Australia diverged, making the spread between U.S. bonds and Australian government bonds the largest in nearly four decades. Market expectations for the peak of Australian interest rates have dropped to 4 The RBA rate decision was expected to be around 4.2%.

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

Brief technical analysis:

4-hour chart view: low weak and narrow range ordering, the market as a whole is hovering in a narrow range, bearish sentiment is shrouded, the RSI index is in the short area and the low position is weak, the RSI index is in the short area.

Resistance levels: 0.66028 0.66426

Support levels: 0.65740 0.65580

Trading strategy: bearish below 0.66028, target 0.65740 0.65580
Alternative strategy: Bullish above 0.66028, target 0.66028 0.66426

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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