In the recent Asian trading session, the Australian Dollar experienced a minor decline against the US Dollar, with rates dropping just beneath the 0.6600 threshold. Today’s market agenda does not include any significant economic announcements from Australia, leaving the currency’s movements largely influenced by international factors. Meanwhile, all eyes are on the United States as it prepares to release the Initial Jobless Claims data, a key economic indicator that could sway currency valuations depending on the health of the US labor market. Interestingly, savvy traders utilizing advanced AI technologies have reported exceptional success, with some achieving a remarkable 34% Return on Investment (ROI) in the past 24 hours by capitalizing on these market dynamics. Discover more about this AI-driven market success.
Technical analysis
Time Frame: 1 hour
AUDUSD Support & Resistance Table – 09/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 0.6618 | Daily R2 |
| Resistance 1 | 0.6602 | Daily R1 |
| Support 1 | 0.6558 | Daily S1 |
| Support 2 | 0.6542 | Daily S2 |
AUDUSD Indicator Table – 09/05/2024
| 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 – 09/05/2024
| Indicator / Period | Day – Sell | Week – Buy | Month – Sell |
| MACD( 12;26;9) | Buy | Sell | Sell |
| RSI (14) | Sell | Neutral | Neutral |
| SMA 20 | Sell | Buy | Sell |
AUDUSD 09/05/2024 – Reference Price : 0.6576
| SELL | Simple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (1)Sell (2) |
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