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AUDUSD: Surge order

2023-03-23
889
Fundamental analysis:

The Australian dollar remained volatile around 0.668696 against the U.S. dollar. The National Australia Bank stated that if UBS Group chooses to sell Credit Suisse’s private banking business in Australia, the National Bank will consider buying Credit Suisse’s private banking sector in Australia.

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



Brief technical analysis:

Looking at the 4-hour chart: the bullish momentum is finishing after the high-level earthquake, the market is still bullish, and there are signs of continued upward movement in the short term. The MACD indicator is hovering above the 0 axis, and the RSI indicator is finishing near the 50 balance line;

Resistance levels: 0.67026 0.67171

Support levels: 0.66652 0.66507

Trading strategy: Bullish above 0.66802, target 0.67026 0.67171
Alternative strategy: bearish below 0.66802, target 0.66652 0.66507

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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