In the most recent session within the Asian markets, the Australian Dollar has seen a decline relative to the US Dollar, with the exchange rate dipping below the 0.6600 benchmark. This movement indicates a shift in the currency landscape, underscoring the fluid nature of forex markets and investor sentiment.

Today’s economic calendar for Australia remains clear, with no major announcements expected that might directly impact the Australian Dollar’s performance. On the other hand, the financial world turns its gaze towards the United States, eagerly awaiting the release of critical labor market data, including the Nonfarm Payrolls and Unemployment Rate figures. These indicators are pivotal, as they not only provide a snapshot of the employment health in the U.S. but also have the potential to sway monetary policy decisions and, consequently, currency valuations globally.

Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 05/04/2024

Time Frame: 1 hour

AUDUSD Support & Resistance Table – 05/04/2024

Support & ResistanceLevelExplanation
Resistance 20.6607Daily R2
Resistance 10.6593Daily R1
Support 10.6553Daily S1
Support 20.6539Daily S2

AUDUSD Indicator Table – 05/04/2024

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

AUDUSD Indicator / Period Table – 05/04/2024

Indicator / PeriodDay – BuyWeek – SellMonth – Sell
MACD( 12;26;9)BuySellSell
RSI (14)BuyNeutralSell
SMA 20BuySellSell

AUDUSD 05/04/2024 – Reference Price : 0.6574

BUYSimple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (2)Sell (1)

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