CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 18/10/2024

Fundamental analysis

18 October, 2024

The Australian Dollar edged higher against the US Dollar during Asian trading just above 0.6700 levels.

The Australian Dollar continued to strengthen against the Greenback for the second consecutive day on Friday. In Australia, no major data releases are expected today. In the United States, Building Permits data for September (1.45 mln exp) will be posted (13:30) and Fed Members Bostic and Kashkari will speak (14:30 and 15:00 respectively).

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 18/10/2024
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 18/10/2024

Support & Resistance Level Explanation
Resistance 2 0.6732 Daily R2
Resistance 1 0.6718 Daily R1
Support 1 0.6682 Daily S1
Support 2 0.6669 Daily S2

AUDUSD Indicator Table - 18/10/2024

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

AUDUSD Indicator / Period Table - 18/10/2024

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

AUDUSD 18/10/2024 - Reference Price : 0.6704

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