Rising Wedge

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.

Bitcoin retreated to around $62,500 as weakness in SK Hynix and technology shares weighed on broader risk appetite. Technical traders are watching a rising wedge breakdown that keeps the $58,500 area in focus unless BTC can reclaim $64,000.