Technicals

Add as a preferred source on Google

FxWirePro: AUD/ USD struggles ahead of key US jobs data

• AUD/USD stayed near its previous levels on Friday as investors awaited crucial data that is likely to shape the Federal Reserve's upcoming interest rate decision. •The U.S. employment report has gained significance aft…

1 min read
FxWirePro: AUD/ USD struggles ahead of key US jobs data
Image from the original EconoTimes article

Read the original article

• AUD/USD stayed near its previous levels on Friday as investors awaited crucial data that is likely to shape the Federal Reserve's upcoming interest rate decision.

•The U.S. employment report has gained significance after Fed Chair Jerome Powell's recent comments that additional labor market weakness would be unwelcome..

• Economists surveyed forecast 160,000 job additions and an unemployment rate of 4.2%..

•At GMT 03:44, the pair was trading down 0.12 percent  at 0.6733 after reaching daily high at 0.6749.

• Immediate resistance is located at 0.6749 (38.2%fib), any close above will push the pair towards 0.6801 (Sep 3rd high).

• Support is seen at 0.6714(Sep 5th low) and break below could take the pair towards 0.6688  (50%fib).

 Recommendation: Be on sidelines

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560