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 08/12/2022

Fundamental analysis

08 December, 2022

The Australian dollar climbed during the asian session. The pair is trading 0.6727. Australia reported GDP Quarter-on-Quarter for Q3 printed 0.6%. The consensus was 0.7%. The United States Nonfarm Productivity Quarter-on-Quarter for Q3 printed 0.8% vs 0.6% expected. Initial Jobless claims will print later today.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 08/12/2022
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 08/12/2022

Support & Resistance Level Explanation
Resistance 2 0.6791 Daily R2
Resistance 1 0.6764 Daily R1
Support 1 0.6691 Daily S1
Support 2 0.6664 Daily S2

AUDUSD Indicator Table - 08/12/2022

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

AUDUSD Indicator / Period Table - 08/12/2022

Indicator / Period Day - BuyWeek - BuyMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Buy NeutralSell
SMA 20 Buy BuySell

AUDUSD 08/12/2022 - Reference Price : 0.6728

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