Australian Dollar - Dollar Analysis

US Session Analysis for CFD Instruments 04/12/2024

Fundamental analysis

04 December, 2024

The Australian Dollar fell against the US Dollar during European trading and trading at levels below 0.6500.
The Australian Dollar is facing downward pressures as worse than expected economic data comes out of Australia nearing a three month low level. In Australia disappointing Q3 GDP data (0.8% realised vs 1.1% expected) was posted this morning. In the United States, ADP Nonfarm Employment Change for November (166k exp) will be released (13:15 GMT), Global Services PMI data for November (57.0 exp) will be posted (14:45 GMT), ISM Non-Manufacturing PMI for November (55.5 exp) will be released. Fed Chair Powell will speak (18:45 GMT).

Technical analysis

Time Frame: 1 hour

AUDUSD Support & Resistance Table - 04/12/2024

Support & Resistance	Level	Explanation
Resistance 2	0.6441	Daily R2
Resistance 1	0.6427	Daily R1
Support 1	0.6391	Daily S1
Support 2	0.6377	Daily S2

AUDUSD Indicator Table - 04/12/2024

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

AUDUSD Indicator / Period Table - 04/12/2024

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

AUDUSD 04/12/2024 - Reference Price : 0.6412

Sell

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

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