Australian Employment Preview: Could strong figures aid the aussie?

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Australian Employment Preview: Could strong figures aid the aussie? by ValBednarik employment audusd

The AUD/USD pair is trapped between Fibonacci levels, contained by the 50% retracement of the latest daily decline at 0.7045. The 38.2% retracement at around 0.7000, meanwhile, is providing support. A break through any of these levels should lead to some directional strength, although a discouraging figure that results in a weaker AUD/USD would likely see a larger movement than that triggered by an upbeat report.

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