Currency Australia has strengthened against the US dollar after the publication of positive indicators on inflation expectations in the current month. However, during the session, the Australian dollar began to decline due to the release of a weak labor market report.
The AUD / USD yesterday led trading above 0.7600. Attempts to overcome this mark down were unsuccessful.However, to rise above the level of 0.7652 the price could not, and the pair was 0.38%. Resistance is located at 0.7700, support - at 0.7600.
MACD is in the positive zone. Histogram indicator grew yesterday that talks about strengthening the power of buyers. RSI in the neutral zone and gives signals.
The pair is above the moving averages (50,100 and 200) on the 4-hour chart. On hourly picture is the same 50-EMA, 100-EMA-EMA 200 and parallel to each other and grow. 200-EMA stands for the pair AUD / USD support.
Forecast AUD / USD today
Tool AUD / USD may continue trading in sideways a little above the level of 0.7600. Then it will roll back prices in a downward direction with Target in the 0.7600 and 0.7550.
Based on materials from Fort Financial Services