Australian Dollar - Dollar Analysis

EU Session Analysis for CFD Instruments 16/09/2020

Fundamental analysis

16 September, 2020 Research Department

The AUD/USD pair increased this morning to 0.7319. The Aussie Dollar rallied on Tuesday but gave up half of its gains in the European afternoon. On Tuesday morning, Australia reported its House Price Index for the 2nd Quarter fell 1.8%, Quarter-over-Quarter, worse than the consensus forecast of a 1.0% contraction.

Technical analysis

Time Frame: 1 hour

AUDUSD Support & Resistance Table - 16/09/2020

Support & Resistance	Level	Explanation
Resistance 2	0.7362	Daily R2
Resistance 1	0.7343	Daily R1
Support 1	0.7292	Daily S1
Support 2	0.7272	Daily S2

AUDUSD Indicator Table - 16/09/2020

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 - 16/09/2020

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

AUDUSD 16/09/2020 - Reference Price : 0.7309

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (1)	Sell (2)

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