AUD/USD’s upside has stalled around the zero figure of 0.67. Aussie jobs report due Thursday is expected to show an uptick in the jobless rate. A big beat on expectations is needed to strenthen the bid tone around the Aussie dollar. The AUD/USD pair is mildly bid, but struggling to cut through the psychological resistance of 0.67 with investors likely waiting on the sidelines ahead of the all important Aussie jobs report, scheduled for release on Thursday. The data is expected to show the jobless rate ticked higher to 5.2% in January from December’s 5.1% reading and the economy added 10K jobs versus 28.9K previously. It’s worth noting that the coronavirus outbreak became a cause for concern at the end of January. The January jobs data, therefore, would largely represent the pre-virus period and could be dismissed by markets as being an outdated one. So, it would take a big beat on expectations to lift the AUD, However, if the data prints below estimates, markets may begin pricing higher odds of an RBA rate cut in the first half of 2020, sending the AUD lower. Currently, the overnight index swap (OIS) market is pricing a March rate cut at 8% and 25 basis point cut is not fully priced in until October, according to Reuters News. At press time, AUD/USD is changing hands at 0.6695, having hit a high and low of 0.6701 and 0.6683 earlier today. The pair may challenge session lows if the S&P 500 futures turn red on coronavirus fears. At press time, the index futures are reporting a 0.30% gain. Technical levels 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 USD/INR slips from monthly top near 71.80 despite challenges at India FX Street 2 years AUD/USD's upside has stalled around the zero figure of 0.67. Aussie jobs report due Thursday is expected to show an uptick in the jobless rate. A big beat on expectations is needed to strenthen the bid tone around the Aussie dollar. The AUD/USD pair is mildly bid, but struggling to cut through the psychological resistance of 0.67 with investors likely waiting on the sidelines ahead of the all important Aussie jobs report, scheduled for release on Thursday. The data is expected to show the jobless rate ticked higher to 5.2% in January from December’s 5.1% reading and the economy added… 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.