CM Trade

Download APP to receive bonus


AUDUSD: Multiple uplink

Fundamental analysis:

The Aussie dollar remained volatile against the US dollar at 0.66441. The consumer confidence index of ANZ Bank and Roy Morgan rose by 1% last week, improving for two consecutive weeks. Planck, the economic director of ANZ Bank, said that Black Friday may be one of the factors to boost consumer confidence.

AUDUSD AUDUSD - 4-hour K line chart shows:

Technical analysis:

The 4-hour chart shows that the bulls' momentum keeps sorting and moving upward, short-term bullish sentiment emerges, the market bulls' momentum slowly enters the market, the MACD indicators are sorted in the short area, and the RSI indicators' weakness moves up to the weak position near the 0 axis for sorting;

Empty turning point: 0.66243

Pressing: 0.66751, 0.67049

Support: 0.65955, 0.65667

Trading strategy: bullish above 0.66243, target 0.66751, 0.67049

Alternative strategy: 0.66243 lower bearish, target 0.65955, 0.65667

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar