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 20/12/2024

Fundamental analysis

20 December, 2024

The Australian Dollar declined against the US Dollar during Asian trading below 0.6300 levels.

The Australian Dollar remained subdued with the currency remaining under pressure as traders anticipate that the Reserve Bank of Australia may begin cutting its 4.35% rate as early as February. In Australia, Private Sector Credit for November (0.5% exp) will be released (00:30). In the US, Core PCE Price Index for November (2.9% exp) will be released (13:30 GMT).

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 20/12/2024
Time Frame: 1 hour

AUDUSD Support & Resistance Table - 20/12/2024

Support & Resistance Level Explanation
Resistance 2 0.6280 Daily R2
Resistance 1 0.6261 Daily R1
Support 1 0.6210 Daily S1
Support 2 0.6191 Daily S2

AUDUSD Indicator Table - 20/12/2024

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

AUDUSD Indicator / Period Table - 20/12/2024

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

AUDUSD 20/12/2024 - Reference Price : 0.6235

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