The Aussie dollar remained volatile against the US dollar at 0.66444. The 75 basis point interest rate hike by the Federal Reserve this week has been fully digested. The 100 basis point interest rate hike will be a more direct positive result for the US dollar, because it will force the market to consider whether other central banks can really keep up with such an amazing rate hike by the Federal Reserve.
AUDUSD AUDUSD - 4-hour K line chart shows:
The 4-hour chart shows that the bearish momentum has maintained a volatile downward trend, and the low short-term reversal has pulled up. The market bull sentiment has begun to show signs of slow entry. The MACD indicator is in the low consolidation of the short region, while the RSI indicator is in the upward consolidation of the short region;
Empty turning point: 0.66359
Pressing position: 0.66673, 0.66946
Support position: 0.66108, 0.65897
Trading strategy: bullish above 0.66359, target 0.66673, 0.66946
Alternative strategy: bearish at 0.66359, target 0.66108, 0.65897