CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 06/05/2022

Fundamental analysis

06 May, 2022

The Australian dollar was weaker against the USD. The currency pair is currently trading at 0.70908. Australia has no economic events scheduled to be reported today. The United States will report ADP Non-farm Payroll for April later today. The Unemployment Rate for April will also be printed later today.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 06/05/2022
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 06/05/2022

Support & Resistance Level Explanation
Resistance 2 0.71893 Daily R2
Resistance 1 0.71511 Daily R1
Support 1 0.70495 Daily S1
Support 2 0.70113 Daily S2

AUDUSD Indicator Table - 06/05/2022

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

AUDUSD Indicator / Period Table - 06/05/2022

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

AUDUSD 06/05/2022 - Reference Price : 0.71003

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