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AUDUSD: Bears plunge

2022-12-23
1132
Fundamental analysis:
The Australian dollar remained volatile around 0.66704 against the US dollar, and Australian bond yields rose. The 10-year Australian bond yield rose by 7 basis points and regained its position at 3.8%.

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



Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum has fallen sharply, the short-term decline may continue, the market's short-term sentiment is good, the MACD indicator is weakly hovering below the 0 axis, and the RSI indicator is weakly finishing below the 50 balance line;
Long-short turning point: 0.66785
Suppression: 0.66944, 0.67093
Support: 0.66553, 0.66418
Trading strategy: bearish below 0.66785, target 0.66553, 0.66418
Alternative strategy: Bullish above 0.66785, target 0.66944, 0.67093

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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