Australian Dollar - Dollar Analysis

US Session Analysis for CFD Instruments 24/10/2024

Fundamental analysis

24 October, 2024

The Australian Dollar moved higher against the US Dollar during European trading above 0.6600 levels.

The AUD/USD pair built on its steady climb through the first half of the European session on Thursday and recovered further from its lowest level since August 16, touched the previous day. In Australia, no major data releases are expected today. In the United States, Initial Jobless Claims figures (243k exp) will be revealed (13:30 GMT+1), Global Manufacturing and Services PMI data for October (47.5 and 55.0 respectively expected) will be posted (14:45 GMT+1) and New Homes Sales for September data will be released (15:00 GMT+1).

Technical analysis

Time Frame: 1 hour

AUDUSD Support & Resistance Table - 24/10/2024

Support & Resistance	Level	Explanation
Resistance 2	0.6694	Daily R2
Resistance 1	0.6678	Daily R1
Support 1	0.6636	Daily S1
Support 2	0.6620	Daily S2

AUDUSD Indicator Table - 24/10/2024

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 - 24/10/2024

Indicator / Period	Day - Sell	Week - Sell	Month - Buy
MACD( 12;26;9)	Sell	Buy	Sell
RSI (14)	Neutral	Neutral	Neutral
SMA 20	Sell	Sell	Buy

AUDUSD 24/10/2024 - Reference Price : 0.6658

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (1)	Sell (1)

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