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 06/03/2024

Fundamental analysis

06 March, 2024

During Asian trading, the Australian Dollar increased against the US Dollar trading at 0.6518. There is no major data from Australia today. In the United States this afternoon Fed Chair Powell will testify to Congress , while ADP Nonfarm Employment data and Jolt Job Openings data will be released.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 06/03/2024
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 06/03/2024

Support & Resistance Level Explanation
Resistance 2 0.6547 Daily R2
Resistance 1 0.6534 Daily R1
Support 1 0.6498 Daily S1
Support 2 0.6485 Daily S2

AUDUSD Indicator Table - 06/03/2024

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

AUDUSD Indicator / Period Table - 06/03/2024

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

AUDUSD 06/03/2024 - Reference Price : 0.6517

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