During today’s Asian trading session, the Australian Dollar gained ground against the US Dollar, surpassing the 0.6600 threshold. This upward movement comes amidst a quiet data day from Australia, with no significant economic reports scheduled for release. Conversely, market participants are poised for the release of the Consumer Price Index (CPI) data from the United States, a key indicator that could impact monetary policy decisions and influence currency valuations.

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Technical analysis

Australian Dollar - Dollar Analysis Technical analysis 15/05/2024

Time Frame: 1 hour

AUDUSD Support & Resistance Table – 15/05/2024

Support & ResistanceLevelExplanation
Resistance 20.6674Daily R2
Resistance 10.6661Daily R1
Support 10.6625Daily S1
Support 20.6612Daily S2

AUDUSD Indicator Table – 15/05/2024

IndicatorSignal
SMA 20Buy
SMA 50Buy
SMA 100Buy
MACD( 12;26;9)Buy
RSI (14)Sell
Stochastic ( 9;6;3)Sell

AUDUSD Indicator / Period Table – 15/05/2024

Indicator / PeriodDay – BuyWeek – BuyMonth – Sell
MACD( 12;26;9)BuyBuySell
RSI (14)SellNeutralNeutral
SMA 20BuyBuySell

AUDUSD 15/05/2024 – Reference Price : 0.6645

BUYSimple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (2)

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