Australia's wage data is not ideal or increases the possibility that the RBA will adjust interest rates next month

Fundamental analysis:

The Australian dollar remained volatile around 0.69522 against the US dollar, and the wage data released by Australia is not ideal, which may increase the possibility that the RBA will significantly raise the cash interest rate by 40-50 basis points next month.

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

Technical comments: the short-term bull power continues, and the middle and upper rail section of the brin belt index channel continues to fluctuate and rise. After the high level reaches the node near 0.70454, the shock retreats, touches the node near the middle rail of the brin belt index, and starts to sort out. The short-term bear downward trend may continue. The brin belt index starts to close after opening, and the MACD index is in the bull area, maintaining sorting and slowly downward, The RSI index is in the long region, falling to the lower side of the 50 equilibrium line;

Long short turning point: 0.69729

Pressing position: 0.70157, 0.70610

Support position: 0.69185, 0.68797

Trading strategy: bearish below 0.69729, target 0.69185, 0.68797

Alternative strategy: bullish above 0.69729, target 0.70157, 0.70610

The above analysis is a personal point of view and is for reference only.