Australian Dollar - Dollar Analysis

Morning Analysis for CFD Instruments 09/11/2018

Fundamental analysis

09 November, 2018

AUD/USD fell sharply from its multi- week low of 0.73006 to test a session low of 0.72346 as the U.S. Federal Reserve kept interest rates steady at 2.25% but reaffirmed its monetary tightening stance, setting the stage for a rate hike in December. The Fed has raised its key policy rate three times this year, and the market expects another rate hike in December on the back of a robust U.S. economy, rising inflation and solid jobs growth. The Aussie on the other hand is still seen under pressure as sentiment was dampened by worries about rising U.S.-Sino trade war tensions. China is Australia's largest trade partner and a weakening of sentiment toward China does not bode well for the Aussie dollar. In addition, the Aussie fell also pressure from negative Home Loans data for September. Data this morning showed that Home Loans fell 1.00% in September, amid expectations for a fall of 0.9%. Later this afternoon, investors could be expected to turn focus to PPI data for October in the US (13:30 GMT).

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 09/11/2018
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 09/11/2018

Support & Resistance Level Explanation
Resistance 2 0.7305 Daily R2
Resistance 1 0.7275 Daily R1
Support 1 0.7218 Daily S1
Support 2 0.7187 Daily S2

AUDUSD Indicator Table - 09/11/2018

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

AUDUSD Indicator / Period Table - 09/11/2018

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

AUDUSD 09/11/2018 - Reference Price : 0.7247

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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