In today’s Asian trading session, the Australian Dollar experienced a decline, trading beneath the 0.6600 threshold against the US Dollar. This subtle movement occurs on a notably quiet day on the economic calendar, with no major data releases scheduled from either Australia or the United States.
The absence of significant economic indicators typically leads to lower volatility and quieter trading sessions. However, even these subtle movements can provide key insights and opportunities for investors. Today’s dip in the Australian Dollar highlights the ongoing interplay of market sentiments and minor global economic cues that can influence currency values.
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As the global financial landscape continues to evolve, the integration of AI in trading strategies is proving to be invaluable. For investors, understanding and leveraging these technologies can lead to significant advantages, particularly in navigating days with scant economic news where traditional analysis might overlook subtle market signals.
Technical analysis
Time Frame: 1 hour
AUDUSD Support & Resistance Table – 12/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 0.6573 | Daily R2 |
| Resistance 1 | 0.6554 | Daily R1 |
| Support 1 | 0.6502 | Daily S1 |
| Support 2 | 0.6483 | Daily S2 |
AUDUSD Indicator Table – 12/04/2024
| 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 – 12/04/2024
| Indicator / Period | Day – Sell | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Sell | Sell | Sell |
| RSI (14) | Sell | Sell | Neutral |
| SMA 20 | Sell | Sell | Sell |
AUDUSD 12/04/2024 – Reference Price : 0.6522
| SELL | Simple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (0)Sell (3) |
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