AUD/USD technical analysis: Sticks to modest gains, around 0.6900 handle ahead of NFP

  • Bulls seemed struggling to extend the uptick beyond the 0.6900 handle.
  • The downtick remains cushioned ahead of the US monthly jobs report.

The AUD/USD pair struggled to capitalize on the early uptick, albeit has still managed to hold its neck above a previous resistance breakpoint, now turned support near the 0.6880-90 zone. The mentioned region coincides with the 50% Fibonacci level of the 0.7082-0.6671 downfall and should act as a key pivotal point for intraday traders.
Meanwhile, technical indicators on the daily chart have just started gaining positive traction and support prospects for a further near-term appreciating move. However, oscillators on hourly charts have been losing momentum and thus, warrant some caution ahead of the release of the closely watched US monthly jobs report – NFP.
Should bulls fail to defend the said support, the pair is likely to slide back towards the 0.6820 region – nearing 38.2% Fibo. level – en-route the 0.6800 round-figure mark. The slide could further get extended towards 23.6% Fibo. level, around the 0.6770-65 region, before the pair eventually drops towards challenging the 0.6700  handle.
On the flip side, bulls are likely to wait for a sustained move beyond the 0.6930 region (61.8% Fibo.), above which the pair seems all set to surpass the very important 200-day SMA hurdle near the 0.6960 region and aim towards reclaiming the 0.70 psychological mark ahead of the 0.7030-35 supply zone.

AUD/USD daily chart



Today last price 0.6902
Today Daily Change 0.0008
Today Daily Change % 0.12
Today daily open 0.6894
Daily SMA20 0.6809
Daily SMA50 0.6796
Daily SMA100 0.685
Daily SMA200 0.6957
Previous Daily High 0.693
Previous Daily Low 0.6883
Previous Weekly High 0.6884
Previous Weekly Low 0.6808
Previous Monthly High 0.693
Previous Monthly Low 0.667
Daily Fibonacci 38.2% 0.6901
Daily Fibonacci 61.8% 0.6912
Daily Pivot Point S1 0.6875
Daily Pivot Point S2 0.6855
Daily Pivot Point S3 0.6828
Daily Pivot Point R1 0.6922
Daily Pivot Point R2 0.6949
Daily Pivot Point R3 0.6969



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD bounces after upbeat COVID-19 cure news

EUR/USD is trading above 1.13, rebounding from the lows. Gilead reported that its drug Remdesevir substantially reduces mortality among COVID-19 patients. The news boosted stocks and weighed on the dollar. US coronavirus statistics are due out.


GBP/USD recaptures 1.26 as the market mood improves

GBP/USD is trading above 1.26 as the market mood improves and the safe-haven dollar retreats. Investors are shrugging off Brexit concerns and focusing on hopes to cure coronavirus. US COVID-19 statistics are due out.


XAU/USD consolidates daily gains above $1,800

After advancing to its highest level since September of 2011 at $1,818 on Wednesday, the XAU/USD pair staged a correction and briefly dropped below $1,800 on Thursday.

Gold News

Cryptocurrencies: War for dominance hit the bedrock of the market

Bitcoin tried to regain market share and activated sales in the Altcoin segment. BTC/USD, ETH/USD and XRP/USD are looking for supports and a rebound to push them to new elative highs. The current compression on the XRP/USD chart could trigger an exploding movement.

Read more

WTI once again breaks $40 per barrel after trading lower in early EU trade

There has been quite the bounce in WTI since the EU session after some strong selling pressure during Thursday and overnight. Once again on Friday's session, the price has taken the USD 40 per barrel handle. 

Oil News