简体中文
ภาษาไทย
繁體中文
Indonesia
AUDUSD: The rebound is a short selling opportunity
2022-08-17
855
Fundamental analysis:
The Aussie rebounded from losses earlier in the session, little changed on the day. The Reserve Bank of Australia still sees a need to raise interest rates further to prevent high inflation expectations from entrenching, but there is no pre-set path aimed at keeping the economy on track, minutes of its August policy meeting released on Tuesday showed.
AUDUSD AUDUSD daily chart
A brief technical analysis:
From the daily chart: the short-term exchange rate fell sharply and rebounded slightly. MACD runs above the 0-axis but the volume can quickly shrink. The RSI weakens slightly. It is expected that the exchange rate will likely fall further.
Long-short turning point: 0.7030
Suppression bit: 0.7200 0.7400
Support: 0.6850 0.6700
Trading strategy: bearish below 0.7030, target 0.6850, 0.6700
Alternative strategy: bullish above 0.7030, target 0.7200, 0.7400
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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
