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AUDUSD: The bear starts to exert force
2022-11-22
1210
Fundamental analysis:
Daly said that compared with the current 3.75% - 4.00% short-term target interest rate range of the Federal Reserve, some researchers found that "the degree of tightening of financial conditions in the economy is far higher than the level told us by (federal) fund interest rates". She added that, compared with the current target interest rate level, "the performance of the financial market is like the interest rate is around 6%".
AUDUSD daily chart
Technical analysis:
The daily chart shows that the short-term exchange rate falls below the long short turning area, the MACD runs below the 0 axis, but the volume can shrink slightly, the RSI continues to weaken slightly, and the exchange rate probability is expected to further decline.
Empty turning point: 0.6650
Pressing position: 0.6850 0.7050
Support position: 0.6450 0.6250
Trading strategy: bearish at 0.6650, target 0.6450, 0.6250
Alternative strategy: bullish above 0.6650, target 0.6850, 0.7050
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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