Singapore
2020-04-15 15:24
Market analysisAUD/USD Outlook (15 April 2020)
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Market analysis:
Overall, AUD/USD is trending upwards. Recently, AUD/USD moved higher towards the resistance level of 0.64800.
The Australian employment data for March will be released tomorrow at 0930 (SGT).
- Employment Change (Forecast: -33.0K, Previous: 26.7K)
- Unemployment Rate (Forecast: 5.4%, Previous: 5.1%)
It is forecasted that the Australian job market performed badly due to the coronavirus pandemic.
If the released data is worse than or as forecasted, the Australian dollar may weaken.
AUD/USD’s next support level is at 0.61800 and the next resistance level is at 0.64800.
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AUD/USD Outlook (15 April 2020)
Singapore | 2020-04-15 15:24
Overall, AUD/USD is trending upwards. Recently, AUD/USD moved higher towards the resistance level of 0.64800.
The Australian employment data for March will be released tomorrow at 0930 (SGT).
- Employment Change (Forecast: -33.0K, Previous: 26.7K)
- Unemployment Rate (Forecast: 5.4%, Previous: 5.1%)
It is forecasted that the Australian job market performed badly due to the coronavirus pandemic.
If the released data is worse than or as forecasted, the Australian dollar may weaken.
AUD/USD’s next support level is at 0.61800 and the next resistance level is at 0.64800.
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