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 08/11/2024

Fundamental analysis

08 November, 2024

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

The Australian Dollar continued to lose ground since the opening of the Asian session this morning. In Australia, the Assistant Governor of the Reserve Bank of Australia published a statement. In the United States, Michigan 1 Year Inflation expectations data (2.7% exp) will be revealed (15:00 GMT).

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 08/11/2024
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 08/11/2024

Support & Resistance Level Explanation
Resistance 2 0.6693 Daily R2
Resistance 1 0.6669 Daily R1
Support 1 0.6605 Daily S1
Support 2 0.6581 Daily S2

AUDUSD Indicator Table - 08/11/2024

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 - 08/11/2024

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

AUDUSD 08/11/2024 - Reference Price : 0.6641

Buy
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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