Overall, AUD/USD is trending downwards. Recently, AUD/USD trended lower, breaking the support level of 0.60700.
The Australian Employment data will be released tomorrow at 0830 (SGT).
AUD/USD’s next support level is at 0.58800 and the next resistance level is at 0.60700.
With the upcoming announcement from Governor Lowe, it is unlikely that the employment data will have much impact on AUD. Look for trading opportunities of AUD/USD after the announcement.
The Australian Employment data will be released tomorrow at 0830 (SGT).
- Employment Change (Forecast: 8.5%, Previous: 13.5%)
- Unemployment Rate (Forecast: 5.3%, Previous: 5.3%)
AUD/USD’s next support level is at 0.58800 and the next resistance level is at 0.60700.
With the upcoming announcement from Governor Lowe, it is unlikely that the employment data will have much impact on AUD. Look for trading opportunities of AUD/USD after the announcement.