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

EU Session Analysis for CFD Instruments 16/11/2022

Fundamental analysis

16 November, 2022

The Australian dollar climbed during the asian session. The pair is trading 0.6763. Australia reported its Wage Price Index Quarter-on-Quarter for Q3 at 1%. The consensus was 0.9%. The United States reported Core PPI Month-on-Month for October at 0.0% vs 0.3% expected. PPI Month-on-Month for October printed 0.2% vs 0.4% expected. The NY Empire State Manufacturing Index for November printed 4.50 to -5.00 expected. Retail Sales Month-on-Month for October will be reported today, while Core Retail Sales Month-on-Month for October will also be printed later today.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 16/11/2022
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 16/11/2022

Support & Resistance Level Explanation
Resistance 2 0.6858 Daily R2
Resistance 1 0.6818 Daily R1
Support 1 0.6712 Daily S1
Support 2 0.6672 Daily S2

AUDUSD Indicator Table - 16/11/2022

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 - 16/11/2022

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

AUDUSD 16/11/2022 - Reference Price : 0.6770

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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