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 18/08/2021

Fundamental analysis

18 August, 2021

The Aussie Dollar currency pair increased, moving to around 0.7265 levels during the Asian session. The Aussie Dollar tumbled against the US Dollar on Tuesday. The Reserve Bank of Australia released the minutes of its most recent monetary policy meeting. The minutes noted that the latest outbreak of the virus was hurting Australia’s economic recovery. In the United States, Retail Sales for July fell 1.1%, Month-over-Month. The consensus forecast was a drop of 0.3%. U.S. Industrial production for July rose 0.9%, Month-over-Month. Analysts had expected an increase of only 0.5%.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 18/08/2021
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 18/08/2021

Support & Resistance Level Explanation
Resistance 2 0.7304 Daily R2
Resistance 1 0.7286 Daily R1
Support 1 0.7238 Daily S1
Support 2 0.7220 Daily S2

AUDUSD Indicator Table - 18/08/2021

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 - 18/08/2021

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

AUDUSD 18/08/2021 - Reference Price : 0.7257

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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