In today’s Asian market session, the Australian Dollar experienced a minor decline, positioning itself beneath the 0.6700 mark against the US Dollar. This trading day is marked by a lack of significant economic announcements from both Australia and the United States. In such scenarios, investors often seek advanced tools for guidance. Notably, users of a sophisticated AI trading platform have reported a substantial edge, achieving a 34% return on investment within the last 24 hours through precise market forecasts on autopilot. Explore how this AI technology is transforming trading.
Technical analysis
Time Frame: 1 hour
AUDUSD Support & Resistance Table – 13/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 0.6626 | Daily R2 |
| Resistance 1 | 0.6614 | Daily R1 |
| Support 1 | 0.6580 | Daily S1 |
| Support 2 | 0.6568 | Daily S2 |
AUDUSD Indicator Table – 13/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Buy |
AUDUSD Indicator / Period Table – 13/05/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Sell |
| MACD( 12;26;9) | Buy | Buy | Sell |
| RSI (14) | Sell | Neutral | Neutral |
| SMA 20 | Buy | Buy | Sell |
AUDUSD 13/05/2024 – Reference Price : 0.6596
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (2)Sell (1) |
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