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EUR/USD: general review 14 June 2019, 11:05

EUR/USD: general review 14 June 2019, 11:05 Scenario Timeframe Intraday Recommendation SELL STOP Entry Point 1.1265 ...

Jun 13, 2019

AUD/USD: general review 13 June 2019, 10:57


Scenario
Timeframe Intraday
Recommendation SELL
Entry Point 0.6914
Take Profit 0.6865
Stop Loss 0.6940
Key Levels 0.6864, 0.6880, 0.6885, 0.6898, 0.6903, 0.6913, 0.6925, 0.6936, 0.6948, 0.6965
Alternative scenario
Recommendation BUY STOP
Entry Point 0.6950
Take Profit 0.7000
Stop Loss 0.6920
Key Levels 0.6864, 0.6880, 0.6885, 0.6898, 0.6903, 0.6913, 0.6925, 0.6936, 0.6948, 0.6965
Current trend
AUD is falling against USD after the publication of weak data on unemployment in Australia. According to published data, the unemployment rate was 5.2% against the forecast of 5.1%, which indicates a slowdown in the impetus to the development of the labor market, influencing the strength of the national economy and the national currency rate. A positive factor for the Australian economy was the growth in employment: the rate increased by 42.3 thousand against the forecast of 17.5 thousand, which, nevertheless, did not help AUD to strengthen against the main competitor, as investors mainly focused on unemployment data.
Today, the data on unemployment in the US will be published (14:30 GMT+2). Investors expect a decline in Initial and Continuing Jobless Claims, which may positively affect the rate of USD. The market is expected to be moderately volatile.
Support and resistance
On the H4 chart, the instrument broke through the lower border of Bollinger Bands, slowing down the decline. The price range is widened. MACD histogram is in the negative zone forming a signal for the opening of short positions.
Resistance levels: 0.6913, 0.6925, 0.6936, 0.6948, 0.6965.
Support levels: 0.6903, 0.6898, 0.6885, 0.6880, 0.6864.

Trading tips
Short positions may be opened from the current level with target at 0.6865 and stop loss at 0.6940.
Long positions may be opened from the level of 0.6950 with target at 0.7000 and stop loss at 0.6920.
Implementation time: 1-3 days.

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