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Audusd: Out of 0.7030 to suppress it as soon as possible

2022-08-02
1292
Fundamental analysis:

Australian Fed announced interest rate resolution. The market is expected to raise 50 basis points for the third consecutive time to 1.85%. The statement laid the foundation for the 50 basis points in September. That is to say, it will further tighten the policy in the next few months, and may reiterate that "the scale and timing of future interest rate hikes will be determined according to future data."

Australian dollar against the US dollar AUDUSD daily chart


Technical analysis:

Seeing the daily map: The short -term exchange rate is still slowly high, and the MACD runs above the 0 axis and the volume can be slightly volume on the axis. The RSI rises slightly. It is expected that the exchange rate will break through 0.7030 to continue the attack.

Multi -time turning point: 0.7030

Suppression bit: 0.7200 0.7400

Support bit: 0.6850 0.6700

Trading strategy: Bull above 0.7030, target 0.7200, 0.7400

Alternative strategy: 0.7030 to see the drop below, target 0.6850, 0.6700

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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