In today’s Asian trading session, the Australian Dollar exhibited a slight decline against the US Dollar, positioning itself under the 0.6700 threshold. This minor dip comes at a time when Australia is not expected to release any significant economic indicators, which might otherwise influence the currency’s movements. On the other hand, the focus shifts towards the United States where the Producer Price Index (PPI) data is slated for release. This key economic indicator could provide fresh insights into inflation trends and potentially sway Federal Reserve policy decisions.
Amid these market conditions, individuals leveraging sophisticated artificial intelligence tools have seen remarkable success. Reports indicate that users of this AI technology have managed to autonomously predict market movements, achieving an impressive 34% return on investment within the last 24 hours. Learn more about this advanced AI solution.
Technical analysis
Time Frame: 1 hour
AUDUSD Support & Resistance Table – 14/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 0.6630 | Daily R2 |
| Resistance 1 | 0.6617 | Daily R1 |
| Support 1 | 0.6581 | Daily S1 |
| Support 2 | 0.6568 | Daily S2 |
AUDUSD Indicator Table – 14/05/2024
| 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 – 14/05/2024
| Indicator / Period | Day – Sell | Week – Buy | Month – Sell |
| MACD( 12;26;9) | Buy | Buy | Sell |
| RSI (14) | Sell | Neutral | Neutral |
| SMA 20 | Sell | Buy | Sell |
AUDUSD 14/05/2024 – Reference Price : 0.6598
| SELL | Simple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (1)Sell (2) |
👉Explore AI-powered Automated Trading Today! Register for a free trial now!
✅Read about the automated trading software on Investing.com
