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AUDUSD: shock moves up
2022-12-22
1115
Fundamental analysis:
The Australian dollar remained volatile around 0.67103 against the US dollar. The monthly rate of Australia's Western Pacific leading indicator in November was -0.13%, and the previous value was -0.05%.
Australian dollar AUDUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the low-level bullish momentum maintains a narrow range and moves up, the short-term bullish sentiment continues, the MACD indicator is in the short area and moves upward, and the RSI indicator is hovering weakly near the 50 balance line;
Long-short turning point: 0.67003
Suppression: 0.67296, 0.67439
Support: 0.66810, 0.66656
Trading strategy: Bullish above 0.67003, target 0.67296, 0.67439
Alternative strategy: bearish below 0.67003, target 0.66810, 0.66656
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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