Australian Dollar - Dollar Analysis

EU Session Analysis for CFD Instruments 29/01/2021

Fundamental analysis

29 January, 2021

The Aussie Dollar currency pair moved lower to 0.7647 during the Asian session. The Aussie Dollar fell and then recovered on Thursday like most major currencies against the Greenback. It finished slightly higher on the day. Australia’s Export Price Index and Import Price Index rose 5.5%, Quarter-over-Quarter, and fell 1.0%, Quart-er-over-Quarter, respectively. In the United States, 4th Quarter GDP printed at 4.0 %, Quarter-over-Quarter, as expected. Initial Jobless Claims for the past week fell to 847,000 new claims. The consensus forecast was for 875,000 new claims.

Technical analysis

Time Frame: 1 hour

AUDUSD Support & Resistance Table - 29/01/2021

Support & Resistance	Level	Explanation
Resistance 2	0.7711	Daily R2
Resistance 1	0.7688	Daily R1
Support 1	0.7626	Daily S1
Support 2	0.7602	Daily S2

AUDUSD Indicator Table - 29/01/2021

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

AUDUSD Indicator / Period Table - 29/01/2021

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

AUDUSD 29/01/2021 - Reference Price : 0.7657

Sell

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

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