RBA raised interest rates by 50 basis points, exceeding expectations

Fundamental analysis:

AUDUSD remained volatile around 0.72267. Due to price pressure, the RBA raised interest rates by 50 basis points, exceeding expectations, and said it would be committed to "taking necessary measures" to curb the growing inflationary pressure.

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

Technical comments: the bull power continued to maintain the concussion and rise in the Bollinger belt index channel. After the high level reached the node near 0.72820, it retreated when encountering resistance. After touching the node near the lower rail, it reversed and moved up. The Bull Power waited for the opportunity to enter. The Bollinger belt index was in the closing trend and translation. The MACD index was in the bull region and maintained the concussion and retreat to near the 0 axis. The RSI index was in the bull region and maintained the concussion and retreat to the 50 equilibrium line and moved up after finishing;

Multi empty turning point: 0.72173

Pressing position: 0.72572, 0.72820

Support position: 0.71881, 0.71562

Trading strategy: bullish above 0.72173, target 0.72572, 0.72820

Alternative strategy: bearish below 0.72173, target 0.71881, 0.71562

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