The Australian Dollar witnessed an uptick against the US Dollar in today’s Asian trading session, surpassing the 0.6500 mark. The movement comes amidst a quiet day on the Australian economic calendar, with no significant data releases scheduled.
Investor focus shifts towards the United States, where the release of the Personal Consumption Expenditures (PCE) Index data is highly anticipated later today. This key indicator of inflation is a critical metric for the Federal Reserve’s policy decisions and has the potential to influence currency valuations significantly.
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Technical analysis
Time Frame: 1 hour
AUDUSD Support & Resistance Table – 26/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 0.6575 | Daily R2 |
| Resistance 1 | 0.6560 | Daily R1 |
| Support 1 | 0.6520 | Daily S1 |
| Support 2 | 0.6505 | Daily S2 |
AUDUSD Indicator Table – 26/04/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Buy |
AUDUSD Indicator / Period Table – 26/04/2024
| Indicator / Period | Day – Buy | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Buy | Sell | Sell |
| RSI (14) | Buy | Neutral | Sell |
| SMA 20 | Buy | Sell | Sell |
AUDUSD 26/04/2024 – Reference Price : 0.6539
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (3)Sell (0) |
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