US Jobs Data

AUD/USD steadied around 0.6953 after touching 0.6900, with traders reassessing Federal Reserve expectations following softer US inflation and jobs data. Technical traders see scope for a short-term rebound toward 0.7050, even as the broader trend remains pressured.

AUD/USD remains in focus as a bullish ascending channel continues to guide price action above nearby support. Traders are watching whether the pair can extend gains as hawkish pressure surrounds both the Reserve Bank of Australia and the Federal Reserve.

AUD/USD traded in a narrow range around 0.7063 after the Reserve Bank of Australia kept rates unchanged and left traders weighing the chance of another move later this year. Technical signals point to fading momentum, with chart watchers monitoring 0.6900 on the downside and 0.7100 as a key invalidation area for bearish setups.

Bitcoin is entering August with traders focused on whether the market can defend the $60,000 area after repeated failures to hold gains above $65,000. Historical midterm-year weakness, a possible bear-pennant breakdown and looming US macro catalysts could increase downside pressure if support gives way.

Bitcoin is entering August with traders focused on whether the $60,000 area can hold after repeated failures to sustain momentum above $65,000. Weak historical seasonality, a possible bear-pennant breakdown and US macro risks are keeping downside targets in focus.

Gold opened the week with a bullish gap and briefly reached $4,200 per ounce, its strongest level in two weeks, before renewed selling pressure pulled prices toward $4,145. The market remains caught between a short-term recovery attempt and a broader medium-term bearish structure as traders monitor FOMC minutes and US rate expectations.

EUR/USD remains under pressure around and below the 1.1400 area as traders wait for the US employment report. Technical momentum still favors sellers, while easing inflation in Germany and France gives the euro limited support.

EUR/USD remains in a bearish technical structure as the pair stabilizes around and below 1.1400 before the US employment report. Traders are watching whether stronger jobs figures can extend dollar strength or whether weaker data can trigger a euro rebound toward nearby resistance.