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AUDUSD: low order

2023-08-08
801
Fundamental analysis:

The Australian dollar remained volatile around 0.65732 against the US dollar. The monthly rate of ANZ's total job advertisements in Australia was 0.4% after seasonal adjustment in July, and the previous value was -2.50%.

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



Brief technical analysis:

Looking at the 4-hour chart: the low level remains volatile in the short term, the market as a whole is still weak, the MACD indicator is in the bearish area, and the low level is finishing and moving upwards, and the RSI indicator is hovering weakly below the 50 balance line;

Resistance levels: 0.65950 0.66140

Support levels: 0.65407 0.65198

Trading strategy: Bullish above 0.65634, target 0.65950 0.66140
Alternative strategy: bearish below 0.65634, target 0.65407 0.65198

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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