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 16/05/2024

Fundamental analysis

16 May, 2024

The Australian Dollar was lower against the US Dollar during Asian trading, trading below 0.6700 levels.

Australia will not be announcing any major data today. Initial Jobless Claims data is set for release in the United States.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 16/05/2024
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 16/05/2024

Support & Resistance Level Explanation
Resistance 2 0.6716 Daily R2
Resistance 1 0.6700 Daily R1
Support 1 0.6660 Daily S1
Support 2 0.6644 Daily S2

AUDUSD Indicator Table - 16/05/2024

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

AUDUSD Indicator / Period Table - 16/05/2024

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

AUDUSD 16/05/2024 - Reference Price : 0.6682

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