CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Australian Dollar - Dollar Analysis

EU Session Analysis for CFD Instruments 05/02/2021

Fundamental analysis

05 February, 2021

The Aussie Dollar currency pair edged lower to 0.7595 during the Asian session. The Aussie Dollar slid lower on Thursday. Australia reported Exports in December rose 3% and December Imports fell 2%. Its overall Trade Balance for December was 6.875 billion Australian dollars. Australia’s NAB Quarterly Business Confidence printed at 14. In the United States, Initial Jobless Claims for the past week were reported to be 779,000. That figure was better than the 830,000 that had been forecast. Factory Orders for December rose 1.1%. The consensus forecast was an increase of 0.7%.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 05/02/2021
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 05/02/2021

Support & Resistance Level Explanation
Resistance 2 0.7641 Daily R2
Resistance 1 0.7624 Daily R1
Support 1 0.7579 Daily S1
Support 2 0.7562 Daily S2

AUDUSD Indicator Table - 05/02/2021

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

AUDUSD Indicator / Period Table - 05/02/2021

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Buy BuyBuy
SMA 20 Sell BuyBuy

AUDUSD 05/02/2021 - Reference Price : 0.7603

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Australian Dollar - US Dollar Chart
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