- 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
AUD/NZD Forecast Fundamental Analysis | Australian Dollar / New Zealand Dollar
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