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. 73.43% 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 24/01/2025

Fundamental analysis

24 January, 2025

The Australian Dollar rose against the US Dollar during European trading above 0.6300 levels.

The Australian Dollar jumped to a more than one month peak earlier today after President Trump stated that he “would rather not have to use tariffs” against China, Australia’s most important trading partner. In Australia, no major economic data will be released today. In the US, Manufacturing PMI (49.8 expected) and Services PMI (56.4 exp) will be posted (14:45 GMT).

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 24/01/2025
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 24/01/2025

Support & Resistance Level Explanation
Resistance 2 0.6362 Daily R2
Resistance 1 0.6343 Daily R1
Support 1 0.6291 Daily S1
Support 2 0.6272 Daily S2

AUDUSD Indicator Table - 24/01/2025

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

AUDUSD Indicator / Period Table - 24/01/2025

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

AUDUSD 24/01/2025 - Reference Price : 0.6317

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