01.04.202205:24 Forex Analysis & Reviews: Forecast for AUD/USD on April 1, 2022

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Over the past day, the Australian dollar has not decided on the choice of direction. Yesterday's decline was insignificant, the price forms a sinusoidal along the 0.7500 level axis. The Marlin Oscillator does not show signs of a reversal on the daily chart. It is likely that investors are in no hurry to stay ahead of the curve ahead of today's US employment data. The forecast for new jobs in the non-agricultural sector is 490,000, the unemployment rate may decrease from 3.8% to 3.7%. If expectations are not disappointed, the price may reach the target range of 0.7415/30, if expectations are not met, the price will soon test the target level of 0.7600.

On a four-hour scale, the price is below the MACD indicator line and the Marlin Oscillator is below the zero line, but the sinusoidal nature of the price movement can cancel these weak bearish signs at any moment. We are waiting for the release of US data.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.