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Australia and the United States: low shock up

2022-07-08
1217
Fundamental analysis:

The AUD / USD maintained a low close to 0.68366, and the RBA raised interest rates for the third time this week. In order to control inflation, the bank joined the ranks of central banks around the world after raising interest rates by 25 and 50 basis points in the first two times this year, raising cash interest rates by 50 basis points to 1.35%.


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





Technical analysis:


According to the 4-hour chart, the low-level Bull Power maintained the shock and moved up to the upper rail range of the Bollinger belt index for consolidation, the Bollinger belt index was in the closing trend, the MACD index was in the short area, maintained the consolidation, moved up to the vicinity of the 0 axis, and the RSI index was in the vicinity of the 50 equilibrium line for consolidation;


Long short turning point: 0.68217


Pressing position: 0.68697, 0.69027


Support position: 0.67860, 0.67557


Trading strategy: bullish above 0.68217, target 0.68697, 0.69027


Alternative strategy: bearish below 0.68217, target 0.67860, 0.67557

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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