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AUDUSD: Bulls gain ground
2023-04-13
899
Fundamental analysis:
AUD/USD remained oscillating around 0.66925, Australian Competition and Consumer Commission: Australia's merger law reform is critical to Australia's economic transformation; Australia's current merger law is no longer applicable, and it is too inclined to allow potential anti-competitive mergers.
Australian dollar AUDUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum remains volatile and rising, the short-term bullish sentiment remains, the market bulls are constantly moving upwards, the MACD indicator is in the short area and moves up to hover around the 0 axis, and the RSI indicator is in a weak order on the side of the 50 balance line;
Resistance levels: 0.67039 0.67145
Support levels: 0.66765 0.66636
Trading strategy: Bullish above 0.66877, target 0.67039 0.67145
Alternative strategy: bearish below 0.66877, target 0.66765 0.66636
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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