15 October 2020

Australian Employment Report: Thursday, 00:30. The economy created 111.0 thousand jobs in August, blowing past the estimate of -40.0 thousand. However, the forecast for September stands at -35.0 thousand. The unemployment rate is projected to rise to 7.1% up from 6.8%.

AUD
Australian Employment Report

  • EURUSD

Update: We remain the same. As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.1900. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.1700 followed by 1.1680.

Resistance levels: Support levels: Recommended:
▪ 1.1950
▪ 1.1925
▪ 1.1900
▪ 1.1720
▪ 1.1700
▪ 1.1680
We are bearish as long as the pair is trading below the level of 1.1900.
  • GBPUSD

Update: On its way to its final target. The chart above shows that the pair is trading below a strong resistance level that is 1.3000. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.2900.

Resistance levels: Support levels: Recommended:
▪ 1.3050
▪ 1.3020
▪ 1.3000
▪ 1.2900
▪ 1.2850
▪ 1.2800
We are bearish as long as the pair is trading below the level of 1.3000.
  • GOLD

Update: On its way to its target. The chart above shows that the pair is trading above a strong support level that is 1881. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1912.

Resistance levels: Support levels: Recommended:
▪ 1925
▪ 1920
▪ 1912
▪ 1881
▪ 1850
▪ 1830
We are bullish as long as the pair is trading above the level of 1881.
  • AUDUSD

Update: We remain the same. As could be seen on the chart above that the pair is trading below a strong resistance level that is 0.7240. Therefore, we are bearish as long as the pair is trading below it. Our first target is 0.7080.

Resistance levels: Support levels: Recommended:
▪ 0.7280
▪ 0.7260
▪ 0.7240
▪ 0.7120
▪ 0.7100
▪ 0.7080
We are bearish as long as the pair is trading below the level of 0.7240.
  • GBPJPY

Update: We remain the same. As could be seen on the chart above that the pair is trading below a strong resistance level that is 137.80. Therefore, we are bearish as long as the pair is trading below it. Our first target is 136 followed by 135.55

Resistance levels: Support levels: Recommended:
▪ 138.00
▪ 137.80
▪ 137.50
▪ 136.00
▪ 135.55
▪ 135.20
We are bearish as long as the pair is trading below the level of 137.80

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