During the Asian trading session, the Australian Dollar experienced a slight increase in value against the US Dollar, with its rate climbing above the 0.6500 benchmark.
No significant economic announcements are expected from Australia today. Meanwhile, the United States is set to publish its Services Purchasing Managers’ Index (PMI) data later in the day.
Technical analysis
Time Frame: 1 hour
AUDUSD Support & Resistance Table – 03/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 0.6548 | Daily R2 |
| Resistance 1 | 0.6536 | Daily R1 |
| Support 1 | 0.6502 | Daily S1 |
| Support 2 | 0.6490 | Daily S2 |
AUDUSD Indicator Table – 03/04/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Neutral |
AUDUSD Indicator / Period Table – 03/04/2024
| Indicator / Period | Day – Sell | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Sell | Sell | Sell |
| RSI (14) | Sell | Neutral | Sell |
| SMA 20 | Buy | Sell | Sell |
AUDUSD 03/04/2024 – Reference Price : 0.6519
| SELL | Simple Moving AverageBuy (1)Sell (2)Technical Indicators – OscillatorsBuy (0)Sell (2) |