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 03/09/2021

Fundamental analysis

03 September, 2021

During Asian trading, the Australian dollar is still in full swing. The day before yesterday, the ADP hinted that the report from the American labor market on Friday could be much worse. Namely, in the USA, in the private sector in August, only 374,000 were added, which is much lower than expected. Metal prices are recovering, which is also in favor of Aussie. At around 08:30, the Australian dollar was exchanged for 0.7420 US dollars, which represents a strengthening of the Aussie by 0.34%. At 2:30 p.m., a regular (NFP) report from the U.S. labor market for August will be released. The unemployment rate is expected to slip from 5.4% to 5.2% and expectations for the number of newly created jobs stand at 750,000.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 03/09/2021
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 03/09/2021

Support & Resistance Level Explanation
Resistance 2 0.7460 Daily R2
Resistance 1 0.7442 Daily R1
Support 1 0.7392 Daily S1
Support 2 0.7374 Daily S2

AUDUSD Indicator Table - 03/09/2021

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

AUDUSD Indicator / Period Table - 03/09/2021

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

AUDUSD 03/09/2021 - Reference Price : 0.7420

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