In today’s Asian market session, the Australian Dollar experienced a downturn, registering values below the 0.6700 mark against the US Dollar. With no significant economic data scheduled for release either from Australia or the United States today, investors are focusing on broader market cues to guide their trading strategies. Interestingly, those leveraging cutting-edge AI technology have seen remarkable outcomes, with users reporting an autopilot market forecast that led to a 34% return on investment within just 24 hours. Learn more about this AI-driven success.
Technical analysis
Time Frame: 1 hour
AUDUSD Support & Resistance Table – 10/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 0.6645 | Daily R2 |
| Resistance 1 | 0.6628 | Daily R1 |
| Support 1 | 0.6586 | Daily S1 |
| Support 2 | 0.6569 | Daily S2 |
AUDUSD Indicator Table – 10/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Neutral |
| Stochastic ( 9;6;3) | Sell |
AUDUSD Indicator / Period Table – 10/05/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Sell |
| MACD( 12;26;9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| SMA 20 | Buy | Buy | Sell |
AUDUSD 10/05/2024 – Reference Price : 0.6608
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (1) |
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