FX:AUDUSD   Australian Dollar/U.S. Dollar
61 0 1
Current trend

The data for March showed unemployment in Australia was down by 0.1% to 5.7%. A decline in unemployment rate indicates a favorable situation in the labour market and strengthens the national currency. The indicator of employment change exceeded the forecast and came in at 26.1K that suggests an increase in consumer spending and has a positive impact on economic growth. Amid these favorable statistics, the AUD/USD             pair gained 70 points.
Data on Consumer Price Index are due today in the US. If favorable forecast is confirmed, a growth in the pair can slow down.

Support and resistance

On the 4-hour chart, the pair is trading between the upper and the middle MAs of Bollinger Bands . MACD histogram is in the positive zone; its volumes are growing. Stochastic is directed up near the border of the overbought zone.

Support levels: 0.7670, 0.7640, 0.7620, 0.7600, 0.7200, 0.7590, 0.7560, 0.7540, 0.7520, 0.7500.
Resistance levels: 0.7700, 0.7710, 0.7720, 0.7740.

Trading tips

After the price consolidates above the level of 0.7700, long positions can be opened from the level of 0.7710 with targets at 0.7750, 0.7800 and stop-loss at 0.7690.

Short positions can be opened from the level of 0.7670 with targets at 0.7640, 0.7620 and stop-loss at 0.7690.
Validity – 2-3 days.
More analytic from LiteForex https://www.liteforex.com/trading/forex-analysis/?uid=880952068&cid=12118
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out