Ultima Markets【 Market Analysis 】 The Australian dollar is facing a short selling opportunity within the day, so pay attention to the close...

Today's Focus on Varieties--AUD to USD。

Fundamentally,Yesterday's latest inflation data in the United States did not rebound, while7Monthly CoreCPIAnnual rate recorded4.7%, for2021year10New low since the beginning of the month. The market's expectation of the Federal Reserve raising interest rates again within the year has completely fallen to freezing point, and the US dollar index has fallen along with the trend. However, due to the already low expectation of interest rate hikes by the Federal Reserve this year, after digesting inflation data in the short term, the Federal Reserve has once again risen due to the impact of safe haven funds. Therefore, today's market is difficult to be affected by inflation again, and more attention should be paid to whether key prices in various markets have been broken through.

Technically,The AUD/USD daily cycle saw an upward trend yesterday after hitting the previous resistance level, with short-term bears dominating the market.

(AUD USD daily cycle, sourceUltima Markets MT4）

However, from a practical trading perspective, it is still necessary for the Australian dollar to fall below yesterday's low against the US dollar in order to pay attention to the bearish trend. Otherwise, there will still be bullish and bearish fluctuations today and Friday, making it difficult to have a clear trend direction.

AUD to USD1Hourly cycle chart, sourceUltima Markets MT4）

1The intraday bearish trend of the Australian dollar against the US dollar is more evident in the hourly cycle. The downward structure since yesterday's US session is complete, and there is a high probability of a rebound during the Asian session. The rebound is temporarily looking upwards65Periodic moving average.

AUD to USD1Hourly cycle chart, sourceUltima Markets MT4）

according toUltima Markets MT4InpivotIndicator, daily central price level0.65485，

0.65485Upward bullish, first goal0.65834Second objective0.66508

0.65485Under bearish, first target0.64808Second objective0.64473

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