During today’s Asian trading session, the Australian Dollar experienced a decline, dipping below the 0.6600 mark against the US Dollar. This downward movement was primarily driven by the latest retail sales figures from Australia, which fell short of market expectations, registering a -0.4% drop compared to the anticipated -0.2%. This weaker-than-expected economic indicator has put additional pressure on the Aussie. Meanwhile, investors are turning their attention to the upcoming release of Consumer Confidence data in the United States, a key metric that could influence currency valuations further. Notably, those utilizing advanced AI investment technologies have been able to predict such market movements with remarkable accuracy, achieving an impressive 34% Return on Investment within just the last 24 hours. For more insights on how this AI technology works, visit this link.
Technical analysis
Time Frame: 1 hour
AUDUSD Support & Resistance Table – 30/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 0.6555 | Daily R2 |
| Resistance 1 | 0.6541 | Daily R1 |
| Support 1 | 0.6503 | Daily S1 |
| Support 2 | 0.6489 | Daily S2 |
AUDUSD Indicator Table – 30/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Sell |
AUDUSD Indicator / Period Table – 30/04/2024
| Indicator / Period | Day – Sell | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Buy | Sell | Sell |
| RSI (14) | Sell | Neutral | Sell |
| SMA 20 | Sell | Sell | Sell |
AUDUSD 30/04/2024 – Reference Price : 0.6524
| SELL | Simple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (1)Sell (2) |
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