AUDUSD: high volatility

The Australian dollar remained volatile around 0.66842 against the U.S. dollar. Credit to the private sector in Australia increased by only 0.3% in February. The rapid rate hikes by the RBA and the slowdown in the economy suppressed credit growth in the private sector; the number of international passengers at Australian airports still decreased by about 100 Ten thousand people, the head of the Airports Association, called on the federal government to do more to lure global airlines back.

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

Looking at the 4-hour chart: high short-term wide fluctuations, the market as a whole maintains a range order, and there is no general direction guidance in the short term, the MACD indicator is hovering above the 0 axis, and the RSI indicator is in a weak order near the 50 balance line;

Resistance levels: 0.66977 0.67065

Support levels: 0.66749 0.66671

Trading strategy: bearish below 0.66886, target 0.66749 0.66671

Alternative strategy: Bullish above 0.66886, target 0.66977 0.67065