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Australia and the United States: the high level retreats and moves down
2022-07-19
1285
Fundamental analysis:
The Australian dollar remained volatile around 0.68086 against the US dollar. Australian finance minister Charles moss said that if the Chinese government eased the restrictions on Australian coal exports to China, it would be an important step.
AUDUSD AUDUSD - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart, the Bull Power maintained a shock rise, the high level retreated in the short term, the short power began to wait for the opportunity to enter, the MACD index was at the high level of the bull region, and the RSI index was at the 50 equilibrium online side;
Long short turning point: 0.68141
Pressing position: 0.68339, 0.68575
Support position: 0.67905, 0.67711
Trading strategy: bearish below 0.68141, target 0.67905, 0.67711
Alternative strategy: bullish above 0.68141, target 0.68339, 0.68575
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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