Australian Dollar - Dollar Analysis

Evening Analysis for CFD Instruments 11/01/2019

Fundamental analysis

11 January, 2019

AUD/USD continued to march upwards rising 0.63% and testing its highest rate in almost one month (0.72335). The dollar fell versus its major peers on Friday, as investors grew increasingly confident that the U.S. Federal Reserve may hit the pause button on monetary tightening this year. Fed Chairman Jerome Powell reiterated on Thursday the U.S. central bank has the ability to be patient on monetary policy given that inflation remains stable. Markets are now pricing in no further rate hikes by the Fed this year. Fed Vice Chair Richard Clarida also struck a dovish tone, underscoring the central bank’s willingness to remain patient on the issue of raising rates. In Australia, data overnight showed that Australian retail sales grew solidly in November, Retail sales rose by 0.4% in November from a month earlier, the Australian Bureau of Statistics said Friday, compared with a 0.3% rise expected by economists. The better-than-expected outcome reflected strong demand for household goods, clothing and footwear. Later this afternoon (13:30 GMT), US Inflation data for December will be in the focus of many market participants.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 11/01/2019
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 11/01/2019

Support & Resistance Level Explanation
Resistance 2 0.7285 Daily R2
Resistance 1 0.7244 Daily R1
Support 1 0.7175 Daily S1
Support 2 0.7145 Daily S2

AUDUSD Indicator Table - 11/01/2019

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Sell
Stochastic ( 9;6;3) Sell

AUDUSD Indicator / Period Table - 11/01/2019

Indicator / Period Day - BuyWeek - BuyMonth - Sell
MACD( 12;26;9) Buy SellSell
RSI (14) Sell NeutralSell
SMA 20 Buy BuySell

AUDUSD 11/01/2019 - Reference Price : 0.7219

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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