The Aussie jobs data will be eyed as bears test 0.72 the figure.
The 61.8% Fibonacci level is near 95.63 which has a confluence with prior support as illustrated above making for a compelling target. A break 0.7200 support would be significant considering the psychological impact of a blowout of the dynamic trendline support. 0.7130 will be the next key support as prior lows ahead of 0.7080 prior lows.A move to the upside from the trendline support could be the start of the makings of the pattern.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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