• Aud/USD trades near the 0.6270 region, without regaining the land among the lasting USD force.
• The cushioned report from the Australian labor market and secure demand for the American dollar still weigh Aussie.
• Technical indicators indicate further disadvantages, because the pair remains below the key average movable.

The Aud/USD pair remained depressed during the American session below the 0.6300 barrier as a stronger American dollar (USD), and disappointing employment data from Australia continued to weigh. Technical signals have become more and more bears, because the indicators deteriorate and breaks at the price below crucial average traffic.

Daily Digest Market Movers: Australian Dollar softens as an American dollar remains after feeding

• The Australian dollar (AUD) extended the losses for the second session on Friday, exerting emphasis on both external and domestic drivers.
• The issue of the disappointing Australian Jobs report, which showed that the economy dropped 52.8 thousand. Positions in February, well below expectations regarding an augment of 30,000, caused recent concerns about the weakness of the labor market.
• An American dollar based on reflection in the middle of the week, driven by the expectations that the Federal Reserve (FED) will maintain increased interest rates for longer, after higher inflation forecasts in the latest summary of economic forecasts.
• Although the Fed has maintained an unchanged principle indicator, the updated tone leaned more with Jastrzęb, providing the elevator.
• Geopolitical tensions and indefinite uncertainty as to the commercial policy in the US also add to secure flows, bringing the benefits of the American dollar.
• Comments of the US President Donald Trump about potential recent tariffs and retaliation commercial resources carefully retained investors, which particularly affects risk sensitive currencies, such as Australia, taking into account the sedate trade exposure in Australia to China.
• From the perspective of national monetary policy, destitute employment data increases the likelihood of further alleviating Australia’s reserve (RBA) from the Bank. RBA has already reduced the rates by 25 base points in February, and analysts speculate to 75 base points of additional alleviation, they can be justified if economic data continues to disappoint.

Audit AUD/USD Technical analysis: Negative shoots deepening in violation of key levels

The Aud/USD pair continued to flow lower during the Friday American session, floating near the 0.6270 support zone, and the pressure of the bear dominated on the day. The pair remains strongly below 20-day and 100-day straight average movable, confirming the deteriorating technical structure.

The indicator of the movable medium convergence (MACD) printed a recent red belt, while the relative force indicator (RSI) dropped violently to 44, remaining on a negative territory. Both signals indicate a momentum that still favored the minus.

In terms of key levels, immediate support is observable about 0.6250, and the break below may cause a further decrease in the direction of 0.6200. On the other hand, the resistance lies near 0.6310, and then a more significant barrier at 0.6340, where the couple can face the sales pressure.