AUDUSD: low volatility

Fundamental analysis:

AUD/USD remained volatile around 0.66797, Reserve Bank of Australia meeting minutes: The committee saw arguments for each option, but the case for raising interest rates by 25 basis points was the strongest, and the committee considered raising interest rates by 25 basis points, 50 basis points or pausing at the December meeting Interest rate hikes, the range of options for interest rates will be considered at a future meeting, further increases may be required to balance demand and supply in the economy.

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

Brief technical analysis:

Looking at the 4-hour chart: The short-term momentum of the market remains volatile and downward, and the short-term decline begins to weaken. The market bulls have signs of waiting for an opportunity to enter the market, but they are still in low volatility. middle;

Long-short turning point: 0.66879

Suppression: 0.67048, 0.67213

Support: 0.66656, 0.66503

Trading strategy: bearish below 0.66879, target 0.66656, 0.66503

Alternative strategy: Bullish above 0.66879, target 0.67048, 0.67213