During the early European session, the AUD/USD pair rises to the top limit of its daily trading range after finding solid support close to the 0.6800 level.
Nearly flat for the day, the pair is currently trading in the 0.6830-0.6835 range. Traders, however, don’t seem eager to make big wagers before the US economic data.
The Weekly Initial Jobless Claims report and the ADP report on private-sector employment will be released on Thursday’s US economic calendar, respectively.
This will affect the USD dynamics and give the AUD/USD pair some momentum, coupled with the US bond yields and the general risk mood.
The eagerly anticipated US employment report (NFP), set for release on Friday, will continue to command attention.
|
Daily SMA20 |
0.6751 |
|
Daily SMA50 |
0.6669 |
|
Daily SMA100 |
0.6636 |
|
Daily SMA200 |
0.6853 |
