AUDUSD: oscillating upward

AUD/USD remained volatile around 0.69720. Minister of Commerce Wang Wentao will hold talks with Australian Trade Minister Farrell in the near future; Australian Minister of Agriculture Murray Watt said that with the continuous improvement of the relationship between the two countries, he has seen China's largest seafood With reports that importers will be ordering Australian lobsters and with Chinese buyers showing renewed interest in several other Australian products over the past few weeks, there are definitely people in the industry talking and interested in things they haven't been able to do for some time, This is clearly a good thing for Australian producers.

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

Looking at the 4-hour chart: the bullish momentum maintains a narrow range of fluctuations and rises, the short-term bullish sentiment is shrouded, the bulls in the market continue to climb, the MACD indicator is on the lower side of the axis and moves up weakly, and the RSI indicator is on the upper side of the 50 balance line and slowly rises;

Long-short turning point: 0.69720

Suppression: 0.69958, 0.70173

Support: 0.69515, 0.69207

Trading strategy: Bullish above 0.69720, target 0.69958, 0.70173

Alternative strategy: bearish below 0.69720, target 0.69515, 0.69207