During Asian trading, the Australian dollar is still in full swing. The day before yesterday, the ADP hinted that the report from the American labor market on Friday could be much worse. Namely, in the USA, in the private sector in August, only 374,000 were added, which is much lower than expected. Metal prices are recovering, which is also in favor of Aussie. At around 08:30, the Australian dollar was exchanged for 0.7420 US dollars, which represents a strengthening of the Aussie by 0.34%. At 2:30 p.m., a regular (NFP) report from the U.S. labor market for August will be released. The unemployment rate is expected to slip from 5.4% to 5.2% and expectations for the number of newly created jobs stand at 750,000.
Australian Dollar - Dollar Analysis
EU Session Analysis for CFD Instruments 03/09/2021
Technical analysis
Time Frame: 1 hour
AUDUSD Support & Resistance Table - 03/09/2021
Support & Resistance | Level | Explanation |
Resistance 2 | 0.7460 | Daily R2 |
Resistance 1 | 0.7442 | Daily R1 |
Support 1 | 0.7392 | Daily S1 |
Support 2 | 0.7374 | Daily S2 |
AUDUSD Indicator Table - 03/09/2021
Indicator | Signal |
SMA 20 | Buy |
SMA 50 | Buy |
SMA 100 | Buy |
MACD( 12;26;9) | Buy |
RSI (14) | Buy |
Stochastic ( 9;6;3) | Buy |
AUDUSD Indicator / Period Table - 03/09/2021
Indicator / Period | Day - Buy | Week - Sell | Month - Buy |
MACD( 12;26;9) | Buy | Sell | Buy |
RSI (14) | Buy | Sell | Neutral |
SMA 20 | Buy | Sell | Buy |
AUDUSD 03/09/2021 - Reference Price : 0.7420
Buy |
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