#AUDUSD @ 0.66743 US Nonfarm Payrolls rise by 236K in March, near consensus. (Pivot Orderbook analysis)
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- US Nonfarm Payrolls rise by 236K in March, near consensus.
- US Unemployment Rate drops to 3.5%; Labor Participation Force rises to 62.6%.
- US Dollar rises after the report, but fails to hold to most gains.
The pair currently trades last at 0.66743.
The previous day high was 1.0938 while the previous day low was 1.0884. The daily 38.2% Fib levels comes at 1.0917, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0905, expected to provide resistance.
After the release of the March US employment report the US Dollar rose across the board, sending AUD/USD to 0.6639, the lowest level since March 27. The move was short-lived, and the pair is moving back toward where it was before the report near 0.6675. Overall, the reaction has been limited amid tight volume.
The US Labor Department’s jobs report showed Nonfarm Payrolls increased by 236K in March, near the 240K of markets consensus. The Unemployment Rate fell from 3.6% to 3.5%. Average hourly earnings rose by 0.3% MoM, matching consensus.
Numbers did not show a negative surprise which was somewhat likely considering the latest economic reports that pointed to a softer labor market. March’s NFP showed a slowdown in the pace of hiring, but still solid numbers.
It is a quiet session, with many markets closed due to Good Friday. The reaction has been limited. US yields spike higher but then pulled back a bit. The US 10-year climbed to 3.38% and then pulled back to 3.34%, while the 2-year stands at 3.92%. Higher Treasury yields boosted the US Dollar. The DXY is above 102.00, while Wall Street futures are in positive ground.
The AUD/USD is hovering around 0.6670, about to end the week, and also unchanged for Friday after recovering from NFP losses.
Technical Levels: Supports and Resistances
AUDUSD currently trading at 1.0895 at the time of writing. Pair opened at 1.0923 and is trading with a change of -0.26 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 1.0895 |
| 1 | Today Daily Change | -0.0028 |
| 2 | Today Daily Change % | -0.2600 |
| 3 | Today daily open | 1.0923 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 1.079, 50 SMA 1.0734, 100 SMA @ 1.0674 and 200 SMA @ 1.035.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 1.0790 |
| 1 | Daily SMA50 | 1.0734 |
| 2 | Daily SMA100 | 1.0674 |
| 3 | Daily SMA200 | 1.0350 |
The previous day high was 1.0938 while the previous day low was 1.0884. The daily 38.2% Fib levels comes at 1.0917, expected to provide resistance. Similarly, the daily 61.8% fib level is at 1.0905, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 1.0892, 1.0862, 1.0839
- Pivot resistance is noted at 1.0946, 1.0968, 1.0999
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 1.0938 |
| Previous Daily Low | 1.0884 |
| Previous Weekly High | 1.0926 |
| Previous Weekly Low | 1.0745 |
| Previous Monthly High | 1.0930 |
| Previous Monthly Low | 1.0516 |
| Daily Fibonacci 38.2% | 1.0917 |
| Daily Fibonacci 61.8% | 1.0905 |
| Daily Pivot Point S1 | 1.0892 |
| Daily Pivot Point S2 | 1.0862 |
| Daily Pivot Point S3 | 1.0839 |
| Daily Pivot Point R1 | 1.0946 |
| Daily Pivot Point R2 | 1.0968 |
| Daily Pivot Point R3 | 1.0999 |
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