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 24/05/2023

Fundamental analysis

24 May, 2023

During Asian trading, the Australian dollar inched lower around the mark of 0.65950. The Australian currency has been mixed against the USD recently as Australian rate hike expectations scaled back after employment unexpectedly fell in April. The key focus is now on retail data for April due Friday forecast to have slowed to 0.3% month on month from 0.4% previously. Later today in the US FOMC meeting minutes will be published at 18:00 GMT+1.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 24/05/2023
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 24/05/2023

Support & Resistance Level Explanation
Resistance 2 0.6634 Daily R2
Resistance 1 0.6617 Daily R1
Support 1 0.6573 Daily S1
Support 2 0.6556 Daily S2

AUDUSD Indicator Table - 24/05/2023

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

AUDUSD Indicator / Period Table - 24/05/2023

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

AUDUSD 24/05/2023 - Reference Price : 0.6596

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