CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 16/07/2021

Fundamental analysis

16 July, 2021

The Aussie Dollar currency pair traded slightly upwards, moving to around 0.7438 levels during the Asian session. The Aussie Dollar slid lower on Thursday. Australia’s Employment Change for June printed up 29,100 jobs. Its Unemployment Rate fell to 4.9%. In the United States, Initial Jobless Claims for the past week landed on 360,000 new claims, exactly as analysts had forecast. The Philadelphia Fed Manufacturing Index for July printed at 21.9. The consensus forecast was 28.0.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 16/07/2021
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 16/07/2021

Support & Resistance Level Explanation
Resistance 2 0.7485 Daily R2
Resistance 1 0.7464 Daily R1
Support 1 0.7410 Daily S1
Support 2 0.7390 Daily S2

AUDUSD Indicator Table - 16/07/2021

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 - 16/07/2021

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

AUDUSD 16/07/2021 - Reference Price : 0.7437

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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