Australian Dollar - Dollar Analysis

US Session Analysis for CFD Instruments 12/02/2019

Fundamental analysis

12 February, 2019

AUD/USD rose 0.40% on Tuesday, trying to get to 0.7100 anew. The Australian Dollar rose Tuesday as investors cheered an agreement struck overnight in Washington that will avert a second 2019 government shutdown, which has buoyed so-called risk assets including the Antipodean currency. The sentiment has been improved by this week’s trade talks between China and the USA. U.S. Treasury Secretary Steven Mnuchin looks forward to several important days of trade talks, he said on Tuesday after arriving in the Chinese capital for high-level talks to hammer out a deal ahead of a March 1 deadline. Mnuchin and U.S. Trade Representative Robert Lighthizer, who arrived earlier on Tuesday, are set to hold talks on Thursday and Friday with Chinese Vice Premier Liu He, the top economic adviser to President Xi Jinping. Early this morning, The National Australia Bank’s update on Australian business confidence showed a figure of 4 for January, which was better than previous 3. Home Loans data, however, showed a decrease of 6.1% in December, amid expectations for a decrease of 2.0%. Later this afternoon, US JOLTs Job Openings for December will be released. Also this afternoon, Fed Chair Jerome Powell will speak on “Economic Development in High Poverty Rural Communities” at the Hope Enterprise Corporation Rural Policy Forum.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 12/02/2019
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 12/02/2019

Support & Resistance Level Explanation
Resistance 2 0.7133 Daily R2
Resistance 1 0.7110 Daily R1
Support 1 0.7067 Daily S1
Support 2 0.7039 Daily S2

AUDUSD Indicator Table - 12/02/2019

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

AUDUSD Indicator / Period Table - 12/02/2019

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

AUDUSD 12/02/2019 - Reference Price : 0.7090

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