AUD/USD: Focus on 0.7270 support. If it breaks, it may fall back to around 0.7200.
1 From the 4-hour chart, the exchange rate is back to decline after being blocked at 0.7381. MACD and KDJ are running at the fork, and are currently testing 0.7201-0.7381. The 61.8% retracement of the uptrend is supported by 0.7270. If it falls below the position, the exchange rate may fall back to around 0.7201.
2 In addition, there is some support near 0.7249 ;
3 Pay attention to the resistance near 0.7291, if it rises to the position Above, it weakens the short-term bearish signal;
4 In terms of fundamentals, the political turmoil in Australia has obviously suppressed the exchange rate, and the worries of the market trade situation have shown signs of warming up.
