Australian Dollar - Dollar Analysis

US Session Analysis for CFD Instruments 15/05/2019

Fundamental analysis

15 May, 2019

AUD/USD fell further in Europe to hit a fresh multi- month low of 0.69128. The weak data gave further impetus to Aussie bears to add to their negative bets with net outstanding short positions still below 2019 highs of above $5.2 billion. The Aussie is often seen as a proxy for Chinese growth because of Australia’s export-reliant economy and China being the country’s main destination for its commodities. China on Wednesday reported surprisingly weaker growth in retail sales and industrial output for April, adding pressure on Beijing to roll out more stimulus as the trade war with the United States rumbles on. In the US, Retail Sales data for April will be released today at 13:30 GMT+1.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 15/05/2019
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 15/05/2019

Support & Resistance Level Explanation
Resistance 2 0.6955 Daily R2
Resistance 1 0.6934 Daily R1
Support 1 0.6894 Daily S1
Support 2 0.6876 Daily S2

AUDUSD Indicator Table - 15/05/2019

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

AUDUSD Indicator / Period Table - 15/05/2019

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

AUDUSD 15/05/2019 - Reference Price : 0.6917

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