Australian 10-year Treasury bond yield is the highest since 2014

Fundamental analysis:

The Australian dollar remained volatile around 0.7000 against the US dollar, and the yield of Australia's 10-year Treasury bond climbed 25 basis points to 4.2%, the highest since 2014.

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

Technical comments: the short power continued to fluctuate and fall near the brin zone index. After the low level reached the node near 0.68488, it showed a V-shaped trend to reverse and vibrate and rise. After the high level reached the node near 0.70242, the real brin zone index continued to close. The MACD index was in the short area and maintained a concussion and move up, while the RSI index was in the short area and maintained a concussion and rise to the 50 equilibrium line;

Multi empty turning point: 0.69817

Pressing position: 0.70375, 0.70685

Support position: 0.69489, 0.69152

Trading strategy: bearish below 0.69817, target 0.69489, 0.69152

Alternative strategy: bullish above 0.69817, target 0.70375, 0.70685

The above analysis is a personal point of view and is for reference only.