AUDUSD Analysis

AUD/USD: Focus on support near 0.7198;

1 From the daily chart, the exchange rate has been blocked several times in the 38.2% retracement of the previous period, and the upper shadow line was recorded overnight, suggesting that the upper resistance is extremely high. Strong, before breaking the position, the exchange rate is facing the risk of returning to the downtrend. The initial support is near the daily low of 0.7220, and the uptrend line support is also near the position; then the 19.1% retracement is near the support of 0.7198, the integer mark And the 20-day moving average support is also near this position. Due to the KDJ dead fork operation, if the support near 0.7198 falls, the exchange rate may fall again to the vicinity of the Bollinger Band 0.7091;
2 The initial resistance is around 0.7268, if the accident is recovered Position, weaken short-term bearish signal;
3 resistance: 0.7268; 0.7313; 0.7348;

4 support: 0.7220; 0.7198; 0.7141;