AUDUSD: high volatility

Fundamental analysis:

The Australian dollar remained volatile around 0.698640 against the US dollar, and Australian bond yields fell. The 10-year Australian bond yield fell 5 basis points to 3.363%. High interest rates increase borrowing costs and potential risks. According to data from the banking regulator Australian Prudential Regulation Authority, high risk The proportion of loans has dropped from the peak in the fourth quarter of last year by 7.2% to 17.1% in the third quarter of this year.

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

Brief technical analysis:

Looking at the 4-hour chart: High short-term shocks, bullish momentum shows signs of maintaining high-level shocks, the market has not yet stepped out of the high-level range, the MACD indicator is moving up from the high level in the bullish zone, and the RSI indicator is in the bullish zone.

Long-short turning point: 0.68586

Suppression: 0.68816, 0.69004

Support: 0.68413, 0.68231

Trading strategy: Bullish above 0.68586, target 0.68816, 0.69004

Alternative strategy: bearish below 0.68586, target 0.68413, 0.68231