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 03/02/2023

Fundamental analysis

03 February, 2023

The Australian dollar fell in the Asian session. The pair is trading 0.7068. Australia has no economic events scheduled to report. The United States reported Initial Jobless Claims at 183k vs 200k expected. Non-farm Payrolls for January will print later today. The Unemployment Rate for January is also set to be reported. ISM Non-Manufacturing PMI for January will be reported later today.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 03/02/2023
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 03/02/2023

Support & Resistance Level Explanation
Resistance 2 0.7123 Daily R2
Resistance 1 0.7099 Daily R1
Support 1 0.7033 Daily S1
Support 2 0.7009 Daily S2

AUDUSD Indicator Table - 03/02/2023

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

AUDUSD Indicator / Period Table - 03/02/2023

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

AUDUSD 03/02/2023 - Reference Price : 0.7067

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