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.

Amid these market conditions, an advanced Artificial Intelligence (AI) platform has played a pivotal role in enabling traders to navigate the forex market with remarkable efficiency. Users of this AI have leveraged its capabilities to forecast market movements with impressive accuracy, securing over 34% Return on Investment in just the last 24 hours. This technological innovation has empowered traders to manage their investments effectively, capitalizing on opportunities presented by fluctuations in the forex market.

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

Australian Dollar - Dollar Analysis Technical analysis 15/04/2024

Time Frame: 1 hour

AUDUSD Support & Resistance Table – 15/04/2024

Support & ResistanceLevelExplanation
Resistance 20.6541Daily R2
Resistance 10.6518Daily R1
Support 10.6460Daily S1
Support 20.6438Daily S2

AUDUSD Indicator Table – 15/04/2024

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

AUDUSD Indicator / Period Table – 15/04/2024

Indicator / PeriodDay – SellWeek – SellMonth – Sell
MACD( 12;26;9)SellSellSell
RSI (14)NeutralSellSell
SMA 20SellSellSell

AUDUSD 15/04/2024 – Reference Price : 0.6486

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

👉Explore AI-powered Automated Trading Today! Register for a free trial now!

Read about the automated trading software on Investing.com

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive daily signals, market analysis with precise entry and exit points and free educational videos.

You have Successfully Registered!