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The hedge attraction of the US dollar index decreased, and the Australian dollar continued to rebound against the US dollar
2022-05-27
814
Fundamental analysis:
On Thursday, the US dollar fell 0.33% to near a one month low and closed at 101.77, as the market considered whether the US Federal Reserve might slow down or even suspend its tightening cycle in the second half of this year, which would weaken the US dollar's safe haven appeal.
AUDUSD daily chart:
Technical analysis: the daily chart moving average is in short position, but the short-term moving average starts to turn around, and the exchange rate continues to rebound. MACD operates under the 0 axis, but the volume can continue to shrink slightly, and RSI rises slightly. It is expected that the exchange rate will decline further after the rebound.
Multi empty turning point: 0.7250
Pressing position: 0.7400 ﹐ 0.7550
Support position: 0.7100 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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