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 ; Pay attention to the resistance near 0.7291, if it rises to the position Above, it weakens the short-term bearish signal;
3) 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.
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