Reserve Bank of Australia ( RBA ) statement of monetary policy release has weaken AUD , market expect RBA further easing is on the card Today is an important day US Non-farm employment change ( NFP ) release 8:30 US Eastern time . One of the most watch event by market participant , any disappointed figure will reverse the dollar bull trend in this week. Looking at 4 H it breaks the support area of 79.50 area Bear will be selling on any pullback. 4H stochastic has enter nice sell zone after crossing down
Looking at 1 H The bear is waiting to sell at any pull back .later in European session will be more opportunity as liquidity increase , in the mean time many market participant will wait and see what is the outcome on NFP tonight and trade in the direction of the market trend.
Happy and safe trading