CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Australian Dollar - Dollar Analysis

US Session Analysis for CFD Instruments 20/12/2024

Fundamental analysis

20 December, 2024

The Australian Dollar fell against the US Dollar during European trading below 0.6230 levels.

Analysts are anticipating that the Reserve Bank of Australia may begin cutting interest rates as early as February which is creating a negative pressure on the pair. In Australia, Private Sector Credit for November (0.5% exp) will be released (00:30). In the US, Core PCE Price Index for November (2.9% exp) will be released (13:30 GMT).

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 20/12/2024
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 20/12/2024

Support & Resistance Level Explanation
Resistance 2 0.6272 Daily R2
Resistance 1 0.6253 Daily R1
Support 1 0.6201 Daily S1
Support 2 0.6182 Daily S2

AUDUSD Indicator Table - 20/12/2024

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 - 20/12/2024

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

AUDUSD 20/12/2024 - Reference Price : 0.6225

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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