The Aussie dollar remained volatile around 0.67022 against the US dollar. It would be a hawkish tendency to pay attention to the recent rise in inflation pressure or not to mention keeping the economy "stable". It is expected that the RBA will raise interest rates by 50 basis points on Tuesday, and may make the last paragraph of the meeting statement very close to that of August.
AUDUSD - 4-hour K-line chart shows:
According to the 4-hour chart, the market's short sentiment continued to fluctuate downward, and the low-level short-term narrow range was reorganized, but the downward trend was good. MACD index maintained weak consolidation in the short area, and RSI index hovered narrowly below the 50 equilibrium line;
Long and short turning point: 0.67913
Pressing position: 0.68169, 0.68434
Support position: 0.67653, 0.67473
Trading strategy: bearish below 0.67913, target 0.67653, 0.67473
Alternative strategy: bullish above 0.67913, target 0.68169, 0.68434