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 07/06/2021

Fundamental analysis

07 June, 2021

The Aussie Dollar currency pair was broadly unchanged at around 0.7737 levels during the Asian session. The Aussie Dollar shot up like a rocket on Friday as the US Dollar tumbled. Lower than expected Nonfarm Payroll figures in the United States sent treasury yields and the US Dollar tumbling. Home Loans in Australia rose 4.3%, Month-over-Month. In the United States, Nonfarm Payrolls for May were 559,000. The consensus forecast was for 650,000 new jobs. The U.S Unemployment Rate for May fell to 5.8%, a tenth better than expected.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 07/06/2021
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 07/06/2021

Support & Resistance Level Explanation
Resistance 2 0.77834 Daily R2
Resistance 1 0.77627 Daily R1
Support 1 0.77075 Daily S1
Support 2 0.76868 Daily S2

AUDUSD Indicator Table - 07/06/2021

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

AUDUSD Indicator / Period Table - 07/06/2021

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

AUDUSD 07/06/2021 - Reference Price : 0.77351

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