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AUDUSD: shock rise

2023-02-15
994
Fundamental analysis:

The Australian dollar remained volatile near 0.69903 against the US dollar. The employment rate of full-time university graduates in Australia jumped to 78.5% in 2022, nearly 10% higher than in 2021, the highest graduate employment rate since 2009.

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



Brief technical analysis:

Looking at the 4-hour chart: the bullish momentum remains volatile and rising, the short-term bullish sentiment remains, the market bullish momentum continues to fluctuate and rise, the MACD indicator is hovering above the 0 axis, and the RSI indicator is weakly finishing above the 50 balance line;

Long-short turning point: 0.69809

Suppression: 0.70054, 0.70270
Support: 0.69598, 0.69420

Trading strategy: Bullish above 0.69809, target 0.70054, 0.70270
Alternative strategy: bearish below 0.69809, target 0.69598, 0.69420

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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