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 21/03/2024

Fundamental analysis

21 March, 2024

During Asian trading, the Australian Dollar was higher against the US Dollar trading above 0.6600 levels.

No major economic data is expected from Australia today. Yesterday, the Federal Reserve of the United States chose to keep interest rates at their current levels. However, according to the Fed's dot plot, there are expectations for three 0.25% rate decreases in 2024, along with further 0.25% cuts in 2025.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 21/03/2024
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 21/03/2024

Support & Resistance Level Explanation
Resistance 2 0.6662 Daily R2
Resistance 1 0.6647 Daily R1
Support 1 0.6605 Daily S1
Support 2 0.6590 Daily S2

AUDUSD Indicator Table - 21/03/2024

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

AUDUSD Indicator / Period Table - 21/03/2024

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

AUDUSD 21/03/2024 - Reference Price : 0.6628

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