Personal analysis:
The price of the Australian dollar against the US dollar has stopped in the long-term descending channel in the daily time frame at the resistance range of 0.64310.
Process:
If the price returns from the resistance of 0.64310 (negative divergence in the daily time frame), the downward trend will be on a short-term basis.
Support and resistance:
The nearest resistance zone is $0.64310. The nearest support area is $0.62560 and then $0.61756.
Economic calendar:
Average Hourly Earnings m/m
Non-Farm Employment Change
Unemployment Rate
The price of the Australian dollar against the US dollar has stopped in the long-term descending channel in the daily time frame at the resistance range of 0.64310.
Process:
If the price returns from the resistance of 0.64310 (negative divergence in the daily time frame), the downward trend will be on a short-term basis.
Support and resistance:
The nearest resistance zone is $0.64310. The nearest support area is $0.62560 and then $0.61756.
Economic calendar:
Average Hourly Earnings m/m
Non-Farm Employment Change
Unemployment Rate