CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Australian Dollar - Dollar Analysis

US Session Analysis for CFD Instruments 03/02/2021

Fundamental analysis

03 February, 2021

The Aussie Dollar moved sideways and barely higher on Wednesday, in a very tight channel. It stands at 0.76157 at lunch time in Europe. In Australia, Building Approvals for December rose 10.9%, Month-over-Month. That was much better than November’s print of 3.3%. The United States will report ADP Nonfarm Employment figures for January and its Services PMI for January this afternoon.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 03/02/2021
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 03/02/2021

Support & Resistance Level Explanation
Resistance 2 0.7670 Daily R2
Resistance 1 0.7647 Daily R1
Support 1 0.7585 Daily S1
Support 2 0.7562 Daily S2

AUDUSD Indicator Table - 03/02/2021

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

AUDUSD Indicator / Period Table - 03/02/2021

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

AUDUSD 03/02/2021 - Reference Price : 0.7614

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