The Australian dollar maintains a downward trend against the US dollar, but still faces selling pressure in the future

The biggest catalyst for the Australian dollar is the ongoing threat of strikes by Australian workers. The comprehensive strike by these workers will have a significant impact on the Australian economy.

Firstly, it will drive up energy prices as it will eliminate the global impact of11%The liquefied natural gas market. As a result, this will encourage more Australian companies to reduce production, leading to price increases.

Due to the strengthening of the US dollar, the Australian dollar also fell against the US dollar. The US dollar index fell below a few weeks ago100After the US dollar, it has now jumped to102Above USD. One reason is that after Moody's downgrade of Bank of America, investors adopted a risk sentiment. The AUD/USD currency is closely monitored this week for the minutes of the Federal Reserve meeting scheduled for Wednesday. The meeting minutes are expected to provide more information about the previous meeting. Analysts expect that last week's inflation data means there will be room for the central bank to pause interest rate hikes.

Technical Analysis of the AUD USD Currency Pair7month14After confirming the double top pattern on the day, it has been in a strong bearish trend. It broke through the neckline of this form and was retested last week. Last Friday, it also fell below an important support level0.6513（8month3Daily low point). AUD/USD currency pair fell below25Rihe50Daily moving average. It is also below a balanced cloud. Therefore, the overall outlook for this currency pair is downward, and the next level worth noting is0.6457, i.e5month31The low point of the day. The stop loss of this transaction is located at0.6525. Beijing Time14：51AUD/USD reporting0.6497/99。