200 Period Moving Average

AUD/USD is holding near the lower edge of a rising wedge after pulling back from a near two-month high. Traders are watching U.S. employment data for signals that could shift Federal Reserve expectations and determine whether the pair breaks support or resumes its recent climb.

AUD/USD is back under pressure as technical resistance aligns with a firmer U.S. dollar, rising oil prices and renewed geopolitical anxiety. Traders are watching whether nearby support can hold or whether the triple-top structure opens the door to a deeper pullback.