Industrial investment
AUD /After rising for several consecutive days last week, the US dollar was taken profit by investors on Monday. It fell slightly from the high level since the end of August, and fell back below the 0.73 threshold again, continuing its long-term decline. However, the decline of the US dollar also limited the decline of the Australian dollar. The further trend of the Australian dollar will be guided by the US dollar. In the morning of Asian market today, the Reserve Bank of Australia released the minutes of the monetary policy meeting, but there was nothing new. The impact on the Australian dollar was limited, and the Australian dollar remained near the overnight closing price. Focus on the performance of the US dollar within the day.
The daily chart maintained a good downward trend as a whole, but the current rebound ended and fell back again. The 4-hour plan rose and fell, and short-term expectations continued to be suppressed by the 0.73 threshold. The 1-hour figure shows that the area around 0.7334 suffered from obstruction, shock and depression, and was significantly suppressed by MA20. Light positions can be short near 0.7330 within the day.
Support position: 0.7270/0.7240/0.7220
Resistance level: 0.7325/0.7370/0.7445
