Australian Dollar - Dollar Analysis

EU Session Analysis for CFD Instruments 16/01/2025

Fundamental analysis

16 January, 2025

The Australian Dollar edged upwards against the US Dollar during Asian trading below 0.6200 levels.

The Australian Dollar was set to break its three day winning streak after publication of in line with expectations employment data, while important GDP data from China, Australia’s largest trading partner, will be published tomorrow morning. In Australia, Unemployment Rate data for December was 4.0%. In the US, Retail Sales data for December (0.6% expected) and Philadelphia Fed Manufacturing Index data for January (-5.2 exp) will be released (13:30 GMT).

Technical analysis

Time Frame: 1 hour

AUDUSD Support & Resistance Table - 16/01/2025

Support & Resistance	Level	Explanation
Resistance 2	0.6244	Daily R2
Resistance 1	0.6227	Daily R1
Support 1	0.6181	Daily S1
Support 2	0.6164	Daily S2

AUDUSD Indicator Table - 16/01/2025

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

AUDUSD Indicator / Period Table - 16/01/2025

Indicator / Period	Day - Buy	Week - Sell	Month - Sell
MACD( 12;26;9)	Buy	Sell	Sell
RSI (14)	Buy	Sell	Sell
SMA 20	Buy	Sell	Sell

AUDUSD 16/01/2025 - Reference Price : 0.6204

Buy

Simple Moving Average	Buy (2)	Sell (1)
Technical Indicators - Oscillators	Buy (2)	Sell (1)

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