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AUDUSD D1 06 01 2020 1050

The AUD/USD pair might fall, according to the daily and weekly charts. The RSI oscillator is near the overbought level, at 68. The price is already above EMA 20 and EMA 50 on the weekly chart. The Stochastic indicator is near the overbought level on the weekly chart, but the price stays below EMA 100.

The most important data from this week:
June 2
RBA rate decision (0.25% expectation); ( 0.25% previous)
June 3
Australia GDP YoY (1.4% expectation); ( 2.2% previous)
QoQ (-0.3% expectation); (0.5% previous)
US ADP Employment Change (-900k expectation); (-20236k previous)
June 5
US NFP (-8250K expectation); (-20500K previous)
US Unemployment Rate (19.7% expectation); (14.7% previous) 

AUDUSD W1 06 01 2020 1053

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