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Australia and the United States: bears continue to fall
2022-07-13
1152
Fundamental analysis:
The Australian dollar remained volatile around 0.67544 against the US dollar, and the indicator of Australian business confidence fell in June, as rising costs and concerns about consumer spending hit the retail industry, although most companies reported good actual activity so far.
AUDUSD AUDUSD - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the bearish downward trend continued, and the short-term rebound after the low broke the new low, but the market bearish sentiment remained the same. The MACD index was in the short area, and the low order moved up, and the RSI index hovered below the 50 equilibrium line;
Long short turning point: 0.67666
Pressing position: 0.67921, 0.68159
Support position: 0.67215, 0.66877
Trading strategy: bearish below 0.67666, target 0.67215, 0.66877
Alternative strategy: bullish above 0.67666, target 0.67921, 0.68159
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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