The Aussie remains on the softer side as bullish pushes get capped off quickly. Wednesday sees little Aussie-focused data, and AUD bulls will be looking for a good-looking jobs report on Thursday. The AUD/USD is continuing to cycle close to Wednesday’s opening prices near 0.7385 after kicking lower to start off the overnight session, and peaking just beneath the 0.7400 key level. Market direction remains in the middle as traders shift in place with bearish pressures remaining in place. Wednesday saw the Westpac Leading Indicator for June come in at 0.0%, an improvement over the previous reading of -0.2%, but the low-tier indicator saw little impact as traders turn their eyes to Thursday’s jobs report. The Australian Unemployment Rate and Participation Rate will be dropping at 01:30 GMT on Thursday, alongside the Full-time and Part-time Employment metrics. The Unemployment and Participation Rates are expected to hold steady at 5.4% and 65.5% respectively, while the Employment Change is expected to clock in at 17 thousand versus the previous reading of 12 thousand. AUD/USD Technical Analysis The Aussie kicked higher during the early Asia trading session, but the USD remains stubbornly strong heading into Wednesday and is still pushing the AUD into defensive territory. AUD/USD Chart, 15-Minute Spot rate: 0.7383 Relative change: -0.05% High: 0.7395 Low: 0.7376 Trend: Bearish Support 1: 0.7375 (previous day low) Support 2: 0.7359 (previous week low) Support 3: 0.7309 (2018 low; major technical bottom) Resistance 1: 0.7400 (major technical level) Resistance 2: 0.7416 (61.8% Fibo retracement level) Resistance 3: 0.7441 (current week high) FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Brent Oil Technical Analysis: Re-test of $72.00 likely FX Street 5 years The Aussie remains on the softer side as bullish pushes get capped off quickly. Wednesday sees little Aussie-focused data, and AUD bulls will be looking for a good-looking jobs report on Thursday. The AUD/USD is continuing to cycle close to Wednesday's opening prices near 0.7385 after kicking lower to start off the overnight session, and peaking just beneath the 0.7400 key level. Market direction remains in the middle as traders shift in place with bearish pressures remaining in place. Wednesday saw the Westpac Leading Indicator for June come in at 0.0%, an improvement over the previous reading of -0.2%, but… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
