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The Federal Reserve may raise interest rates aggressively, and the Australian dollar fell sharply against the US dollar

2022-06-14
974
Fundamental analysis:

Barclays expects the Federal Reserve to raise interest rates by 75 basis points this Wednesday. Steven Englander, head of global foreign exchange research and North American macro strategy at Standard Chartered Bank, said that although it is still expected that the Federal Reserve will raise interest rates by 50 basis points at its June meeting, it does not rule out raising interest rates by 75 basis points or even 100 basis points.

AUDUSD AUDUSD daily chart:


Technical analysis: the daily chart average is arranged in a long way, but the short-term average turns quickly, the exchange rate accelerates downward, MACD runs near the 0 axis and the volume can start to increase, RSI weakens rapidly, and it is expected that the exchange rate probability will further decline.  

Multi empty turning point: 0.7250

Pressing position: 0.7400 0.7550

Support position: 0.7100 0.6950

Trading strategy: bearish below 0.7250, target 0.7100, 0.6950, 0.6800

Alternative strategy: bullish above 0.7250, target 0.7400, 0.7550


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

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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