CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 23/12/2024

Fundamental analysis

23 December, 2024

The Australian Dollar climbed against the US Dollar during Asian trading below 0.6250 levels.

The Australian Dollar continued its slightly positive bias in the Asian session after two days of gains at the end of the week, ahead of an expected RBA rate cut in February. In Australia, no data releases are scheduled today. In the US, CB Consumer Confidence for December (113% exp) will be released (15:00 GMT).

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 23/12/2024
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 23/12/2024

Support & Resistance Level Explanation
Resistance 2 0.6304 Daily R2
Resistance 1 0.6283 Daily R1
Support 1 0.6228 Daily S1
Support 2 0.6207 Daily S2

AUDUSD Indicator Table - 23/12/2024

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

AUDUSD Indicator / Period Table - 23/12/2024

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

AUDUSD 23/12/2024 - Reference Price : 0.6255

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