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. 73.43% 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 29/08/2022

Fundamental analysis

29 August, 2022

The Australian dollar fell during the asian session. The pair is trading 0.6851. Australia had no economic events scheduled to report. The United States reported the Core PCE Price Index Month-on-Month for July 0.1% vs 0.4% expected. Michigan Consumer Sentiment for August printed 58.2 vs 55.1 expected.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 29/08/2022
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 29/08/2022

Support & Resistance Level Explanation
Resistance 2 0.6904 Daily R2
Resistance 1 0.6878 Daily R1
Support 1 0.6808 Daily S1
Support 2 0.6782 Daily S2

AUDUSD Indicator Table - 29/08/2022

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

AUDUSD Indicator / Period Table - 29/08/2022

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

AUDUSD 29/08/2022 - Reference Price : 0.6854

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