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 23/01/2025

Fundamental analysis

23 January, 2025

The Australian Dollar fell against the US Dollar during Asian trading below 0.6300 levels.

The Australian Dollar was under pressure in the Asian session despite recording a two week high yesterday as traders attempt to assess whether the Trump administration will levy tariffs on China. In Australia, NAB Business Confidence for December (-3 previous) will be posted (00:30 GMT). In the US, Initial Jobless Claims data (221k expected) will be posted (13:30 GMT) and President Trump will hold an online speech at the World Economic Forum (16:00 GMT).

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 23/01/2025
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 23/01/2025

Support & Resistance Level Explanation
Resistance 2 0.6315 Daily R2
Resistance 1 0.6295 Daily R1
Support 1 0.6241 Daily S1
Support 2 0.6221 Daily S2

AUDUSD Indicator Table - 23/01/2025

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

AUDUSD Indicator / Period Table - 23/01/2025

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

AUDUSD 23/01/2025 - Reference Price : 0.6268

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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