Australian Jobs Data

AUD/USD moved up to 0.7125 after buyers stepped in following last week’s Federal Reserve decision. Attention now turns to Australia’s labor market update and next week’s Reserve Bank of Australia meeting, where economists expect another rate hike.

AUD/USD remains supported after reaching 0.7127, its highest level since June 5, before easing toward 0.7100. Traders are watching Federal Reserve minutes, Australian wage figures and jobs data for the next catalyst.