Australian Dollar - Dollar Analysis

Morning Analysis for CFD Instruments 12/02/2019

Fundamental analysis

12 February, 2019

AUD/USD rose on Tuesday to test a session high of 0.70853 after it fell yesterday to its lowest rate in more than five weeks (0.70517). The Australian dollar came under renewed selling pressure on Monday, undermined by broad-based US dollar strength. Once again the prevailing theme of the session was US dollar strength. It rallied against all other G10 currencies, helping the US dollar index (DXY) climb to the highest level this year. A lift in US bond yields ensured the greenback performed strongly against all of the other major crosses, including the Aussie dollar which fell to the lowest level since early January this year. The US dollar remained high on Tuesday as concerns about a trade deal with China and an economic slowdown in Europe sent investors into the safe-haven currency. China struck an upbeat note on Monday as trade talks resumed with the United States, but also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties. Early this morning, The National Australia Bank’s update on Australian business confidence showed a figure of 4 for January, which was better than previous 3. Home Loans data, however, showed a decrease of 6.1% in December, amid expectations for a decrease of 2.0%.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 12/02/2019
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 12/02/2019

Support & Resistance Level Explanation
Resistance 2 0.7138 Daily R2
Resistance 1 0.7108 Daily R1
Support 1 0.7038 Daily S1
Support 2 0.7008 Daily S2

AUDUSD Indicator Table - 12/02/2019

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

AUDUSD Indicator / Period Table - 12/02/2019

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

AUDUSD 12/02/2019 - Reference Price : 0.7075

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