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. 70.41% 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 07/10/2022

Fundamental analysis

07 October, 2022


The Australian dollar pair climbed during the asian session. The pair is trading 0.6404. Australian Retail Sales Month-on-Month printed 0.6% as expected. Australia reported a Trade Balance for August at 8.32B vs 10.1B expected. The United States reported ADP Nonfarm Employment Change for September at 208k vs 200k expected. ISM Non-Manufacturing PMI for September printed 56.7 vs 56.0 expected. The United States is set to report Initial Jobless Claims later today.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 07/10/2022
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 07/10/2022

Support & Resistance Level Explanation
Resistance 2 0.6499 Daily R2
Resistance 1 0.6463 Daily R1
Support 1 0.6367 Daily S1
Support 2 0.6331 Daily S2

AUDUSD Indicator Table - 07/10/2022

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

AUDUSD Indicator / Period Table - 07/10/2022

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

AUDUSD 07/10/2022 - Reference Price : 0.6413

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