Australia Jobs Report

AUD/USD is under pressure after slipping from this month’s high of 0.7238 to around 0.7117, with traders focused on Australia’s jobs data and the Reserve Bank of Australia’s upcoming rate decision. Technical traders are watching a break below 0.7100 as a potential confirmation signal for a deeper move toward 0.7000.

AUD/USD remained under pressure near 0.7118 after a hawkish Federal Reserve decision strengthened the US dollar and kept sellers active. Traders are now watching Australia’s jobs data and the Reserve Bank of Australia decision as the pair tests a fragile technical setup.

AUD/USD is holding near its highest level in more than a month after rebounding from this month’s low, but momentum indicators suggest the advance is losing force. Traders are watching Australian employment data, China stimulus expectations and a bearish flag structure for the next directional break.