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The RBA steadily raised interest rates, and the Australian dollar fell slightly against the US dollar

2022-06-06
832
Fundamental analysis:

The RBA may raise its cash interest rate by 40 basis points to 0.75% next week, thus completely ending its emergency interest rate cut policy caused by the epidemic. The RBA has raised interest rates by 25 basis points in May, but there is no factual basis to prove that it will not raise interest rates by 40 basis points in June.

AUDUSD AUDUSD daily chart:


Brief analysis of technical aspects: the daily average is arranged in a long way, the exchange rate is adjusted slightly, the MACD runs on the 0 axis and the volume can start to increase, the RSI continues to rise, and it is expected that the exchange rate probability will be further improved after further adjustment.  

Multi empty turning point: 0.7250

Pressing position: 0.7400 0.7550

Support position: 0.7100 0.6950

Trading strategy: bullish above 0.7250, target 0.7400, 0.7550

Alternative strategy: bearish below 0.7250, target 0.7100, 0.6950


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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