• Employment is back to pre-pandemic levels;
• Unemployment rate 5.8% vs. forecast 6.3% and pre. 6,4%;
• Full-time employment +89.1k vs. pre. +59.0k;
• Part-time employment -0.5k vs. -29.8k;
• The labor force participation rate is 66.1% vs. the forecast 66.1% and pre. 66,2%;
• Hidden unemployment rose to 8.4% - a fly in the ointment report.

AUD/USD, 30 min

Pivot: 0.7832

Analysis:

Provided that the currency pair is traded above 0.7790, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.7832
• Take Profit 1: 0.7855
• Take Profit 2: 0.7880

Alternative scenario: 

In case of breakdown of the level 0.7790, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.7790
• Take Profit 1: 0.7755
• Take Profit 2: 0.7720

Comment:

RSI shows the possibility of ascending momentum during the day.

Key levels:

Resistance  Support

0.7900 0.7790

0.7880 0.7755

0.7855 0.7720

AUD/USD, D1 

Pivot: 0.7707

Analysis:

While the price is below 0.7830, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.7707
• Take Profit 1: 0.7555
• Take Profit 2: 0.7460

Alternative scenario:

If the level 0.7830 is broken-out, follow the recommendations below.

• Time frame: D1
• Recommendation: long position
• Entry point: 0.7830
• Take Profit 1: 0.8000
• Take Profit 2: 0.8085

Comment:

RSI shows a bearish sentiment.

Key levels:

Resistance  Support

0.8085 0.7555

0.8000 0.7460

0.7830 0.7340

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