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 23/05/2024

Fundamental analysis

23 May, 2024

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

Australia will not be announcing any major data today. Manufacturing and Services PMI data are set for release in the United States.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 23/05/2024
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 23/05/2024

Support & Resistance Level Explanation
Resistance 2 0.6664 Daily R2
Resistance 1 0.6648 Daily R1
Support 1 0.6604 Daily S1
Support 2 0.6588 Daily S2

AUDUSD Indicator Table - 23/05/2024

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

AUDUSD Indicator / Period Table - 23/05/2024

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

AUDUSD 23/05/2024 - Reference Price : 0.6624

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