AUD/USD Current Price: 0.6915

The AUD/USD fell on Thursday and hit its lowest level in almost 2 weeks at 0.6901, weighed by Australian employment data, which came in mixed, with higher job gains but a higher unemployment rate as well. The Australian Bureau of Statistics on Thursday announced that employment increased by 42.3K in May, much more than the 17.5K expected and following April's revised gain of 43.1K. However, the unemployment rate remained steady at 5.2% to come in slightly worse than the market expectation of 5.1%.

Technically speaking, the pair holds a clear short-term bearish tone in 4-hour charts that has translated to daily as well. However, the RSI in 4H shows oversold conditions which might indicate some consolidation ahead. Below the 0.6900 psychological level, next target would be 0.6865, May lows. On the other hand, 0.6940 is the short-term resistance to overcome, where the 20-SMA is crossing upside-down the 100-SMA in 4H. Further resistances are seen at 0.7000 and 0.7060 (100-day SMA).

Support levels: 0.6865 0.6825 0.6800

Resistance levels: 0.6940  0.7000 0.7060

View Live Chart for the AUD/USD

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD: positive mood could prevent the collapse

The shared currency has remained under selling pressure on Friday, amid mounting speculation the ECB will announce a larger-than-anticipated stimulus package next September. EUR/USD capped by a Fibonacci resistance at 1.1110, yearly low at risk.

EUR/USD News

GBP/USD: economic disruption on a no-deal Brexit to weigh on Sterling

The GBP/USD pair has closed the week with gains, a handful of pips below the 1.2150 level. The Pound advanced for a third consecutive day, helped by some headlines indicating that Jeremy Corbyn, has been in talks with the Scottish National Party.

GBP/USD News

USD/JPY: short-term advance to be capped by long-term jitters

The USD/JPY has recovered some ground these last few days, to close the week at 106.35. Still, it posted a lower low and a lower high when compared to the previous week, as the Yen benefited from its safe-haven condition on mounting concerns about a US recession. 

USD/JPY News

Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more

Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News

Majors

Cryptocurrencies

Signatures