Source: PaxForex Premium Analytics Portal, Technical Insight

Australia's unemployment rate has reached 7.5 percent, and the number of unemployed citizens has surpassed one million for the first time. The head of the Australian Bureau of Statistics (ABS) Bjorn Jarvis said this in a statement issued on August 13.

AUD/USD, 30 min

Pivot: 0.7223

Analysis:

Provided that the currency pair is traded above 0.7200 follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.7223
• Take Profit 1: 0.7230
• Take Profit 2: 0.7245

Alternative scenario: 

In case of breakdown of the level 0.7200, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.7200
• Take Profit 1: 0.7180
• Take Profit 2: 0.7165

Comment:

RSI shows the possibility of ascending momentum during the day.

Key levels:

AUD/USD, D1

Pivot: 0.7182

Analysis:

While the price is above 0.7000 follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.7182
• Take Profit 1: 0.7300
• Take Profit 2: 0.7390

Alternative scenario:

If the level 0.7000 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 0.7000
• Take Profit 1: 0.6835
• Take Profit 2: 0.6650

Comment:

RSI shows a bullish sentiment.

Key levels:

We also advise you to pay attention to the following currency pairs for intraday trading:

GBP/USD – buy above 1.3100 with 1.3170 and 1.3185 as Take Profit targets. Alternative scenario - if the level of 1.3100 is broken-down, you should consider selling with the targets 1.3085 and 1.3070 as Take Profit.
USD/CHF - short positions below 0.9070 with 0.9030 and 0.9015 targets as Take Profit. Alternative scenario - if the level of 0.9070 is broken-out, buy with the targets 0.9095 and 0.9120 as Take Profit.
EUR/USD - buy above 1.1860 with 1.1930 and 1.1950 targets as Take Profit. Alternative scenario - if the level 1.1860 is broken-down, sell with the TP 1.1830 and 1.1805.