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FxWirePro: AUD/USD pivotal at 200-DMA, break above targets 38.2% Fib at 0.7275

AUD/USD chart - Trading View 

Fundamental News:
- Aussie jobs data inline with expectations, seen as positive (or bullish) for the AUD
- Unemployment Rate seasonally adjusted prints at 5.0% vs expected 5.0% and prior 4.9% 
- Full Time Employment Change saw a big jump at 48.3K vs  prior - 7.3k

Technical Analysis:
- AUD/USD pivotal at 200-DMA, multiple rejections in the past few sessions
- Momentum with the bulls. RSI shows strength in trend at 59 levels
- Price action above cloud and major EMAs, break above 200-DMA will propel the pair higher
- That said, back-to-back doji formations on the daily charts suggest indecisiveness
- Break above 200-DMA targets 38.2% Fib at 0.7276. Break below 110-EMA will see dip till cloud

Data Watch:
- U.S. Retail Sales and Initial Jobless Claims 

Support levels - 0.7175 (5-DMA), 0.7152 (110-EMA), 0.7126 (55-EMA)
Resistance levels - 0.7192 (200-DMA), 0.7276 (38.2% Fib), 0.7295 (Jan 31st high)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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2019-05-27 02:34:53
0m

May 27 01:30 UTC Released

CNSales Turnover

Actual

-3.7 Percent

Forecast

Previous

13.9 Percent

May 27 01:30 UTC Released

CNTurnover/sales cum Y/Y

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-3.4 Percent

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Previous

-3.3 Percent

January 31 00:00 UTC 692914692914m

ARAnnual Primary Balance*

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2016 bln ARS

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January 31 00:00 UTC 692914692914m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 704734704734m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 692914692914m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 704734704734m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 692914692914m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 692914692914m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 692914692914m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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