Greenback

AUD/USD is trading above the key 0.7200 area after stronger Australian growth data lifted expectations for a Reserve Bank of Australia rate increase this month. The pair’s next major test comes from the August U.S. employment report, which could reshape Federal Reserve expectations and determine whether the Aussie rally extends.

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 hovering near the lower edge of a rising wedge after pulling back from its highest level since mid-June. Traders are watching U.S. employment data for the next catalyst, with support at 0.7020, 0.7010 and 0.6990 in focus.

AUD/USD is consolidating after a sharp move to multi-month highs, with traders now focused on U.S. employment data due later this week. The pair’s next direction may depend on whether labor-market figures support or weaken expectations for a firmer U.S. dollar.