AUDUSD: wide range of shocks

The Australian dollar remains volatile against the US dollar around 0.64199. According to the State Financial Supervision and Administration Bureau, from September 10 to 11, 2023, the Basel Committee (BCBS) held meetings of heads of supervisory authorities (HOS) and central bank governors in Basel, Switzerland. and the Meeting of Heads of Supervisory Authorities (GHOS), attended by Xiao Yuanqi, Deputy Director of the State Administration of Financial Supervision and Administration.

Australian Dollar USD AUDUSD - 4-hour K-line chart shows:

Looking at the 4-hour chart: the short-term momentum maintains wide fluctuations and moves downward, the short-term decline may continue, and the overall market decline continues. The MACD indicator is hovering weakly above the 0 axis, and the RSI indicator is consolidating near the 50 equilibrium line;

Resistance level: 0.64370 0.64488

Support level: 0.64110 0.64007

Trading strategy: Bearish below 0.64230, target 0.64110 0.64007

Alternative strategy: bullish above 0.64230, target 0.64370 0.64488