Ultima Markets【 Market Analysis 】 The US dollar remains strong, while the Australian dollar fluctuates in a platform like manner...

Today's Focus--AUD to USD。

FundamentallyFederal Reserve9We have decided to suspend interest rate hikes on a monthly basis, but there is still a probability of interest rate hikes within the year as shown on the dot matrix. Next year, the overall monetary policy will also become more hawkish, starting from the possibility of5The second interest rate reduction has been changed to2The second interest rate cut has resulted in the US dollar remaining in a strong dominant position. Overall, non US currencies or short-term currencies are at a disadvantage.

Technically speakingOn the daily chart, the Australian dollar touched against the US dollar33The daily moving average has formed an upward shadow, and a strong US dollar may drive the exchange rate down further.

Daily chart of AUD/USD, sourceUltima Markets MT4）

From a structural perspective, the market has formed a platform based consolidation range, with a certain probability of continuation today7The downward trend since mid month.

AUD to USD1Hour chart, sourceUltima Markets MT4）

1On the hourly chart, the Australian dollar fell below yesterday's key support level against the US dollar. Although the random fluctuation indicator has entered the oversold zone, from the market chart, the decline will continue.

AUD to USD1Hourly cycle chart, sourceUltima Markets MT4）

according toUltima Markets MT4InpivotIndicator, daily central price level0.64657，

0.64657Upward bullish, first goal0.64926Second objective0.65377

0.64657Under bearish, first target0.64216Second objective0.63949

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