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Australia and the United States: sustained low volatility

2022-06-29
1363
Fundamental analysis:

The Australian dollar remained volatile around 0.69042 against the US dollar, and the metal price has not yet reached the bottom. Despite the latest rebound, it may still face pressure.



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





Technical analysis:


According to the 4-hour chart, the bottom of the Bollinger belt index channel has been weak and fluctuating for a long time, the Bollinger belt index is in the closing trend, the MACD index is weak and hovering under the 0 axis, and the RSI index is in the narrow range consolidation under the 50 equilibrium line


Multi empty turning point: 0.69139


Pressing position: 0.69410, 0.69680


Support position: 0.68806, 0.68558


Trading strategy: bearish below 0.69139, target 0.68806, 0.68558


Alternative strategy: bullish above 0.69139, target 0.69410, 0.69680

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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