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. 73.43% 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.

AUDUSD price is falling -0.2%

Fast Moving Market - 03/09/2024

03 September, 2024

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: AUDUSD price is falling -0.2% on a stronger US dollar ahead of US ISM Manufacturing PMI data for August at 15:00 GMT+1

Possible Scenarios:

If AUDUSD fails to breach through Reference Price of 0.6734, our Research Department expects the AUDUSD to undergo a short- term upward correction.

If AUDUSD manages to break below its Reference Price of 0.6734, our Research Department expects the AUDUSD to extend its losses to its S1 of 0.67159.

Support and Resistance Levels:

AUDUSD

S3

S2

S1

Reference Price

R1

R2

R3

0.66889

0.67024

0.67159

0.67340

0.67521

0.67656

0.67791

Potential Profit or Potential Loss Calculations:

10 pips per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €90.61

(+/-) £76.19

*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.10366
***GBP/USD = 1.31259
Calculations for exchange rate used as of Tuesday, September 3, 2024, 14:22

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