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 02/12/2024

Fundamental analysis

02 December, 2024

The Australian Dollar fell against the US Dollar during European trading and trading at levels just below 0.6500.
The Australian dollar is trading within a band, however still under certain pressure from fears that the tariff policies of the Trump administration might impact their biggest trading partner, China. In Australia Retail Sales data for October (0.1% exp) will be posted (01:30 GMT). In the United States, Manufacturing PMI for November (48.8 exp) will be released (15:00 GMT) and ISM Manufacturing PMI for November (47.5 exp) will be posted (15:00 GMT).

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 02/12/2024
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 02/12/2024

Support & Resistance Level Explanation
Resistance 2 0.6533 Daily R2
Resistance 1 0.6516 Daily R1
Support 1 0.6472 Daily S1
Support 2 0.6455 Daily S2

AUDUSD Indicator Table - 02/12/2024

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

AUDUSD Indicator / Period Table - 02/12/2024

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

AUDUSD 02/12/2024 - Reference Price : 0.6494

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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