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Australian Dollar - Dollar Analysis

US Session Analysis for CFD Instruments 06/08/2020

Fundamental analysis

06 August, 2020

The AUD/USD traded slightly lower at 7.810 in the European session as the Aussie Dollar was broadly unchanged after a morning of choppy trading. The Royal Bank of Australia will release its monetary policy statement on Friday. Australia will not be releasing any significant economic news today. Like the other major currency pairs, its value could move with the U.S. unemployment figures this afternoon.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 06/08/2020
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 06/08/2020

Support & Resistance Level Explanation
Resistance 2 0.7237 Daily R2
Resistance 1 0.7213 Daily R1
Support 1 0.7150 Daily S1
Support 2 0.7126 Daily S2

AUDUSD Indicator Table - 06/08/2020

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 - 06/08/2020

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

AUDUSD 06/08/2020 - Reference Price : 0.7176

Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Australian Dollar - US Dollar Chart
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