AUD/USD remains bullish after dismal US NFP figures and Greenback weakness. Australian data, including company profit and manufacturing PMI, beat the expectations. RBA’s stance next week is expected to stay cautious amid the spread of the Delta variant. The AUD/USD weekly forecast is bullish amid broader weakness in the US dollar and strong Australian fundamentals. On Friday, the AUD/USD pair traded at 0.7477, the highest level since mid-July, and rallied for the second week in a row. As investors sold the dollar amid a slow recovery in employment, the pair benefitted from dollar weakness. –Are you interested to learn more about low spread forex brokers? Check our detailed guide- US NFP US nonfarm payrolls for August were mixed, but the overall numbers were disappointing considering the country created only 235,000 new jobs in a month, up from an expected 750,000. While unemployment fell to 5.2%, employment remained unchanged at 61.7%. It was speculated that the US Federal Reserve would be forced to support ultra-weak monetary policy with the US dollar for a longer period because of the bad numbers. Better Australian fundamentals Meanwhile, Australia’s recent economic data was more optimistic than expected. A 7.1% increase in gross operating profit was reported in the company’s second-quarter, and the company’s GDP was 0.7%, higher than the expected 0.5%. There were 12,117 million in trade surplus in July, while the manufacturing PMI for August stood at 52. In contrast, the AIG index was well below the previous 60.8 at 51.6, while the Commonwealth Services PMI fell to 42.9 due to recent restrictions in the country. Get FREE Forex Signals Now! Key data releases from Australia during Sep 06-10 The AIG service productivity index dropped to 51.7 from 51.7 due to better forecasts, and TD share inflation for August will be released to the public on Monday. Investors are mostly anticipating a cautious stance from the Reserve Bank of Australia on September 7. Due to the ongoing Coronavirus outbreak, the RBA is certain to maintain its massive fiscal stimulus program. Key events from the US during Sep 06 – 10 The important events include the JOLTS job opening due on Wednesday ahead of Fed William’s speech in the US. Moreover, weekly unemployment claims are also important to note. Other than that, US PPI m/m data may also trigger volatility due on Friday. The figure is expected to slide to 0.6% against the previous month’s reading at 1.0%. –Are you interested to learn more about forex signals? Check our detailed guide- AUD/USD weekly technical forecast: Aiming for 100/200 DMAs AUD/USD weekly forecast – daily chart The AUD/USD pair managed to break above the 20-day and 50-day moving averages, while the next upside targets could be 100-day and 200-day moving averages around 0.7545-0.7600 zone. The volume, however, is showing a decline while Friday’s up bar closed off the highs. Thus, it is very likely for the pair to correct the downside in the coming week. The downside movement may find support at 0.7400 ahead of 9.7370 (50-day moving averages). Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal AUD/USD Forecast share Read Next Dogecoin Price Trades Sideways: time To Buy DOGE Before Jump? Gerald Fenech 8 months AUD/USD remains bullish after dismal US NFP figures and Greenback weakness. Australian data, including company profit and manufacturing PMI, beat the expectations. RBA's stance next week is expected to stay cautious amid the spread of the Delta variant. The AUD/USD weekly forecast is bullish amid broader weakness in the US dollar and strong Australian fundamentals. On Friday, the AUD/USD pair traded at 0.7477, the highest level since mid-July, and rallied for the second week in a row. 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