Australian Dollar - Dollar Analysis

US Session Analysis for CFD Instruments 07/02/2019

Fundamental analysis

07 February, 2019

AUD/USD tried this afternoon to recover a bit in order to return back above 0.71 and all that after it fell earlier this morning it its lowest rate in two weeks (0.70907). The Australian dollar has come lately under pressure by rising bets that interest rates in Australia would most likely come down this year amid heightened growth risks at home and abroad. Australia’s central bank on Wednesday opened the door to a possible rate cut as it acknowledged growing economic risks in a remarkable shift from its long-standing tightening bias that sent the Aussie dollar sliding. In US, Federal Reserve Chairman Jerome Powell said overnight the U.S. economy remains in a good place and has proved resilient so far to shocks like the British decision to leave the European Union. Later this afternoon, US Initial Jobless Claims will be released.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 07/02/2019
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 07/02/2019

Support & Resistance Level Explanation
Resistance 2 0.7166 Daily R2
Resistance 1 0.7136 Daily R1
Support 1 0.7075 Daily S1
Support 2 0.7047 Daily S2

AUDUSD Indicator Table - 07/02/2019

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

AUDUSD Indicator / Period Table - 07/02/2019

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

AUDUSD 07/02/2019 - Reference Price : 0.7109

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