CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 23/07/2021

Fundamental analysis

23 July, 2021

The Aussie Dollar currency pair inched lower, moving to around 0.7377 levels during the Asian session. The Aussie Dollar climbed higher on Thursday. Australia’s NAB Quarterly Business Confidence printed at 17. In the United States, Initial Jobless Claims for the past week came in at 419,000 new claims, higher than the consensus forecast of 350,000. Existing Home Sales for June printed slightly under their forecast at 5.86 million new homes.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 23/07/2021
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 23/07/2021

Support & Resistance Level Explanation
Resistance 2 0.7413 Daily R2
Resistance 1 0.7395 Daily R1
Support 1 0.7346 Daily S1
Support 2 0.7328 Daily S2

AUDUSD Indicator Table - 23/07/2021

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

AUDUSD Indicator / Period Table - 23/07/2021

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

AUDUSD 23/07/2021 - Reference Price : 0.7368

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