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

EU Session Analysis for CFD Instruments 03/10/2024

Fundamental analysis

03 October, 2024

The Australian Dollar traded lower against the US Dollar during Asian trading below 0.6900 levels.
The Aussie pair’s movements in recent days and this morning mirrored other currencies in its movements, reflecting the strength of the greenback so far this week. In Australia, Trade Balance data for August this morning recorded 50.5. In the United States, Initial Jobless Claims data (221k expected) will be released (13:15 GMT+1). US Global Services PMI for September (55.4 exp) will be posted (14:45) and ISM Non Manufacturing PMI for September (51.6 exp) will be released (15:00).

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 03/10/2024
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 03/10/2024

Support & Resistance Level Explanation
Resistance 2 0.6907 Daily R2
Resistance 1 0.6888 Daily R1
Support 1 0.6838 Daily S1
Support 2 0.6819 Daily S2

AUDUSD Indicator Table - 03/10/2024

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

AUDUSD Indicator / Period Table - 03/10/2024

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

AUDUSD 03/10/2024 - Reference Price : 0.6870

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