Forecast of the currency pair AUD / USD for October 4, 2018


The Australian dollar accelerated down in earnest. Yesterday, the activity index in the service sector from AIG showed an increase in September to 52.5 from 52.2, but construction permits for August decreased by 9.4% against expectations of an increase by 1.0%. Today, the trade balance in August increased from $ 1.548 billion to 1.604 billion (exports increased by 1%, imports showed a zero change). But the "Australian" continues to fall. Since yesterday, the drop is 100 points. The price breaks through the support of the embedded line of the price channel and aims at the next one with the target of 0.7000. There are no reversal signs on the H4 chart.



Today in the United States comes the volume of factory orders for August, a forecast of 2.2%. Tomorrow, employment data. The growth of jobs outside the agricultural sector is expected to be 185 thousand, an increase in hourly pay of 0.3% m / m, the unemployment rate is expected to decline from 3.9% to 3.8%.

So, the nearest target is 0.7000, further 0.6897.

The material has been provided by InstaForex Company -