AUD/USD technical analysis: Aussie parked at 4-day lows ahead of Australian employment data

0
  • The Aussie lost considerable ground this Wednesday as it fell to new weekly lows. 
  • The Australian employment data is coming up next at 1:30 GMT this Thursday. 
 

AUD/USD daily chart

 
The Aussie is under heavy pressure trading at weekly low ahead of the release of the Australian employment data at 1:30 GMT on Thursday.

AUD/USD 4-hour chart

 
The Aussie is trading in a bear trend below the main simple moving averages (SMAs). The market is challenging the 0.6740 support. A break below that level would see the Aussie trade lower towards 0.6715 and 0.6675 in the medium term, according to the Technical Confluences Indicator.
 

AUD/USD 30-minute chart

 
 
The market is consolidating its intraday losses near the daily low. Immediate resistance can be seen at the 0.6760 level, according to the Technical Confluences Indicator. 
 

Additional key levels

 

Get the 5 most predictable currency pairs

About Author