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 05/05/2021

Fundamental analysis

05 May, 2021

The Aussie Dollar currency pair increased, trading around 0.7728 during the Asian session. The Aussie Dollar tumbled lower on Tuesday. The Reserve Bank of Australia kept interest rates unchanged at 0.10%, as expected. Australia’s Trade Balance fell to A$5.574 billion, below the A$8.000 billion that had been forecast. In the United States, its Trade Balance for March was -$74.40 billion, a record but in line with expectations. U.S. Factory Orders for March rose 1.1%, Month-over-Month. The consensus forecast was 1.3%.

Technical analysis

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

AUDUSD Support & Resistance Table - 05/05/2021

Support & Resistance Level Explanation
Resistance 2 0.7775 Daily R2
Resistance 1 0.7752 Daily R1
Support 1 0.7691 Daily S1
Support 2 0.7668 Daily S2

AUDUSD Indicator Table - 05/05/2021

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

AUDUSD Indicator / Period Table - 05/05/2021

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

AUDUSD 05/05/2021 - Reference Price : 0.7722

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