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Raising interest rates may lead to a recession, and the Australian dollar continues to counterattack against the US dollar

2022-05-25
926
Fundamental analysis:


The Fed's interest rate hike risks plunging the economy into recession or stagflation. Therefore, it is recommended to sell 10-year inflation protected bonds (TIPS) and hold longer-term tips. There is growing concern that the US economy will experience a period of weak growth and high inflation

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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