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 01/11/2024

Fundamental analysis

01 November, 2024

The Australian Dollar declined against the US Dollar during Asian trading below 0.6600 levels.

The Australian Dollar remained tepid against the US Dollar following two days of gains, as Australia's mixed Producer Price Index data for the third quarter was released on Friday. In Australia, Q3 PPI Inflation data was 0.9% vs 0.7% expected. In the United States, Nonfarm Payrolls and Unemployment Rate for October 108k exp and 4.1% respectively, will be released (12:30 GMT), Manufacturing PMI data for October (47.8 exp) will also be released (13:45 GMT).

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 01/11/2024
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 01/11/2024

Support & Resistance Level Explanation
Resistance 2 0.6604 Daily R2
Resistance 1 0.6592 Daily R1
Support 1 0.6562 Daily S1
Support 2 0.6551 Daily S2

AUDUSD Indicator Table - 01/11/2024

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

AUDUSD Indicator / Period Table - 01/11/2024

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

AUDUSD 01/11/2024 - Reference Price : 0.65773

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