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
Time Frame: 1 hour
AUDUSD Support & Resistance Table – 15/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 0.6674 | Daily R2 |
| Resistance 1 | 0.6661 | Daily R1 |
| Support 1 | 0.6625 | Daily S1 |
| Support 2 | 0.6612 | Daily S2 |
AUDUSD Indicator Table – 15/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Sell |
AUDUSD Indicator / Period Table – 15/05/2024
| 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 15/05/2024 – Reference Price : 0.6645
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (2) |
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