CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Australian Dollar - Dollar Analysis

EU Session Analysis for CFD Instruments 06/02/2023

Fundamental analysis

06 February, 2023

The Australian dollar increased in the Asian session. The pair is trading 0.6942. 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 06/02/2023
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 06/02/2023

Support & Resistance Level Explanation
Resistance 2 0.7007 Daily R2
Resistance 1 0.6976 Daily R1
Support 1 0.6894 Daily S1
Support 2 0.6863 Daily S2

AUDUSD Indicator Table - 06/02/2023

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

AUDUSD Indicator / Period Table - 06/02/2023

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

AUDUSD 06/02/2023 - Reference Price : 0.6934

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