CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 08/07/2022

Fundamental analysis

08 July, 2022

The Australian dollar traded higher during the asian session. The pair is trading 0.6830. Australia reported a Trade Balance for May at 15.965b. The United States reported Initial Jobless Claims at 235k vs 230k expected. The Trade Balance for May was reported at -85.50b vs -84.90b expected.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 08/07/2022
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 08/07/2022

Support & Resistance Level Explanation
Resistance 2 0.6891 Daily R2
Resistance 1 0.6860 Daily R1
Support 1 0.6778 Daily S1
Support 2 0.6747 Daily S2

AUDUSD Indicator Table - 08/07/2022

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

AUDUSD Indicator / Period Table - 08/07/2022

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

AUDUSD 08/07/2022 - Reference Price : 0.6815

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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Australian Dollar - US Dollar Chart
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