CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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

US Session Analysis for CFD Instruments 07/10/2024

Fundamental analysis

07 October, 2024

The Australian Dollar dropped against the US Dollar during European trading below 0.6800 levels.

The Aussie pair remained under pressure in the European session, recording an almost three week low amid continued dollar strength. In Australia, Trade Balance data for August this morning recorded 50.5. In Australia, no major data is due to be revealed today. In the United States, Fed Members Kashkari and Bostic will speak at 18:50 GMT+1 and 23:00 GMT+1 respectively.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 07/10/2024
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 07/10/2024

Support & Resistance Level Explanation
Resistance 2 0.6829 Daily R2
Resistance 1 0.6812 Daily R1
Support 1 0.6766 Daily S1
Support 2 0.6749 Daily S2

AUDUSD Indicator Table - 07/10/2024

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

AUDUSD Indicator / Period Table - 07/10/2024

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Sell NeutralBuy
SMA 20 Sell SellBuy

AUDUSD 07/10/2024 - Reference Price : 0.6787

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Australian Dollar - US Dollar Chart
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