Source: PaxForex Premium Analytics Portal, Technical Insight
Australia: February, employment +88.7 vs. forecast of +30k and pre. +29.1k:
- 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 |
We also advise you to pay attention to the following currency pairs for intraday trading:
EUR/USD - long positions above 1.1940 with 1.2020 and 1.2040 targets as Take Profit. Alternative scenario - if the level of 1.1940 is broken-down, sell with the targets 1.1915 and 1.1895 as Take Profit.
GBP/USD – buy above 1.3920 with 1.3980 and 1.4005 as Take Profit targets. Alternative scenario - if the level of 1.3920 is broken-down, you should consider selling with the targets 1.3890 and 1.3855 as Take Profit.
USD/CHF - sell below 0.9255 with 0.9200 and 0.9180 targets as Take Profit. Alternative scenario - if the level 0.9255 is broken-out, buy with the TP 0.9275 and 0.9295.
