Today's Price Analysis of AUD/USD: Above 0.6650 shows pre-NFP consolidation

Get Ready traders for the US Nonfarm Payrolls (NFP) during the session on Good Friday due to the holiday, AUD/USD pares weekly losses around 0.6680. As a result, the Australian currency records daily gains for the first time in four days despite positive news from Australia's top client China.

The Reserve Bank of Australia's (RBA) dovish move, however, adds to the recession's problems and puts downward pressure on the AUD/USD exchange rates.

Technically, the Australian pair's rejection of a bullish moving average crossover signified by the 50-DMA piercing the 100-DMA from above and the rejection of a bullish channel that had been in place for a month give AUD/USD sellers optimism. The constant RSI (14) line reinforces the negative tendency.

But, until it maintains a price below the bottom line of the aforementioned channel, which is close to 0.6690 at the time of publication. For this, the quote's most recent comeback will be difficult to achieve.

0.6700 can test the pair buyers before handing them control, in addition to the 0.6690 immediate hurdles.

So, the top line of the specified channel, the 50-DMA, and the 100-DMA, all at about 0.6785, 0.6800, and 0.6820 in that order, might challenge the AUD/USD buyers later.

Conversely, a floor is provided by an upward-sloping support line from last November, which is close to 0.6620 at the time of press.

The previous monthly low of 0.6564, which serves as the year-to-date (YTD) bottom, will then come into focus for the market.