During today’s Asian trading session, the Australian Dollar saw a notable appreciation against the U.S. Dollar, surpassing the 0.6400 threshold. This upward movement occurred despite a lack of significant economic data releases from Australia, shifting the focus to upcoming financial indicators from the United States, particularly the Retail Sales data due later today.
The Australian Dollar’s rise in the absence of domestic data highlights the currency’s responsiveness to global market dynamics and investor sentiment. Traders and investors are now keenly awaiting the U.S. Retail Sales report, a critical measure of consumer spending that has the potential to influence currency valuations significantly. Positive results could strengthen the U.S. Dollar by painting a robust picture of economic activity, whereas disappointing figures might fuel further gains for the Australian Dollar against its American counterpart.
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As the trading day unfolds, all eyes will be on the release of the U.S. Retail Sales data, which is anticipated to be a key driver of market sentiment. Investors are advised to stay alert to the outcomes of this report, as it could significantly impact trading strategies and currency movements.
Technical analysis
Time Frame: 1 hour
AUDUSD Support & Resistance Table – 15/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 0.6541 | Daily R2 |
| Resistance 1 | 0.6518 | Daily R1 |
| Support 1 | 0.6460 | Daily S1 |
| Support 2 | 0.6438 | Daily S2 |
AUDUSD Indicator Table – 15/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Neutral |
| Stochastic ( 9;6;3) | Buy |
AUDUSD Indicator / Period Table – 15/04/2024
| Indicator / Period | Day – Sell | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Sell | Sell |
| SMA 20 | Sell | Sell | Sell |
AUDUSD 15/04/2024 – Reference Price : 0.6486
| SELL | Simple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (1)Sell (1) |
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