AUD/USD Technical Analysis: Aussie tightens range ahead of Friday’s US NFP

FX Street

Updated: 1 Jun. 2018 | 02:41

Aussie trading flat ahead of Friday’s NFP, tight barriers set by Thursday’s range.
Hourly MACD, slow stochastics are drifting near their midranges.
Bearish divergence in price action and technicals.

AUD/USD chart, 1-Hour.

Spot rate: 0.7559
Relative change: -0.10%

Trend: Flat to bearish

Support 1: 0.7555 (50-hour exponential moving average)
Support 2: 0.7542 (61.8% 1-week Fibonacci level)
Support 3: 0.7529 (S2 1-day pivot point)

Resistance 1: 0.7573 (current Friday high)
Resistance 2: 0.7593 (Thursday swing high)
Resistance 3: 0.7605 (10-day high)

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