AUD/USD chart on Trading View used for analysis
- AUD/USD is trading in a narrow range, caution ahead of U.S. Non-Farm payrolls data.
- Dovish comments from RBA deputy governor Debelle coupled with softness in commodity markets keeps AUD subdued.
- The pair has broken below channel base support and is holding above daily cloud.
- Bearish divergence keeps scope for further downside. Break below daily cloud to see dip till 61.8% Fib at 0.7163.
- Focus now on U.S. Non-farm payrolls Report later today at 13:30 GMT.
- The unemployment rate is predicted to remain at 3.7% and annual average hourly earnings to have increased 3 % last month as in October.
- Upbeat data could put a strong bid under the US dollar dragging the pair lower.
Support levels - 0.7231 (55-EMA), 0.7184 (50-DMA), 0.7163 (61.8% Fib)
Resistance levels - 0.7251 (38.2% Fib), 0.7286 (5-DMA), 0.73
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Major Crypto levels and bias summary
GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217
Global Markets React to Strong U.S. Jobs Data and Rising Yields
FxWirePro- Major Pair levels and bias summary
China's Refining Industry Faces Major Shakeup Amid Challenges
Stock Futures Dip as Investors Await Key Payrolls Data
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro: EUR/AUD bears maintain upper hand
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
EURUSD Flat Amid Middle East Tension – Bullish Dip Buy Eyes 1.1660
FxWirePro- Major Pair levels and bias summary
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
FxWirePro- Woodies pivot (Major)
EURGBP Weakens After Doji – Bearish Bias Intact Below 0.8600, Sell Rallies
FxWirePro: USD/JPY advances as traders test Japan's intervention resolve 



