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is determined to tighten the US policy, and the Australian dollar continues to oppose the US dollar

2022-05-26
866
Fundamental analysis:


As policymakers' austerity moves move nears the trickiest next stage - shrinking $8.5 trillion in bond positions - the US Treasury market is trembling to prepare for possible disruptions. The minutes of the Federal Reserve's policy meeting in May showed that "many" policymakers believe that the plan to let tens of billions of dollars of bonds expire each month without replacement may have an "unexpected impact" on the market

AUDUSD # daily chart:



Technical analysis: the daily moving average is arranged in a short position, but the short-term moving average begins to turn around, and the exchange rate continues to rebound. MACD runs under the 0-axis, but the volume can continue to shrink slightly, and RSI rises slightly. It is expected that the exchange rate probability will further decline after the rebound.  

Long short turning point: 0.7250

Pressing position: 0.7400 ﹐ 0.7550

Support position: 0.7100 to 0.6950

Trading strategy: bearish below 0.7250, target 0.7100, 0.6950

Alternative strategy: bullish above 0.7250, target 0.7400, 0.7550



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

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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