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Dollar bounces after sharp loss; euro retreats on Lagarde comment
4 hours ago

Dollar bounces after sharp loss; euro retreats on Lagarde comment

Investing.com – The US dollar edged higher Monday, rebounding after the sharp losses at the end of last week on signs of cooling inflationary pressures,…

Dollar breaks free, poised for more gains amid US economic outperformance
4 hours ago

Dollar breaks free, poised for more gains amid US economic outperformance

Investing.com — The dollar has surged past its post-2022 range, buoyed by U.S. economic exceptionalism, a widening interest rate gap, and elevated tariffs, setting the…

Asia FX muted, dollar recovers as markets look to slower rate cuts
4 hours ago

Asia FX muted, dollar recovers as markets look to slower rate cuts

Investing.com– Most Asian currencies moved in a tight range on Tuesday, while the dollar extended overnight gains as traders positioned for a slower pace of…

Dollar retains strength; euro near two-year low
4 hours ago

Dollar retains strength; euro near two-year low

Investing.com – The US dollar rose in thin holiday-impacted trade Tuesday, retaining recent strength as traders prepared for fewer Federal Reserve rate cuts in 2025.…

Dollar holds firm as US rates outlook still dominates
4 hours ago

Dollar holds firm as US rates outlook still dominates

By Rae Wee and Greta Rosen Fondahn SINGAPORE (Reuters) -The dollar defended its recent dominance on Tuesday in a holiday-lined week, as investors considered the…

The Forex AUD/USD pair continues its uncertain corrective dynamics, trading at 0.6997 after the Australian Bureau of Statistics (ABS) published data on the state of the national labor market in May.

AUD/USD Forex today

According to the report, the unemployment rate remained at 3.9% for the third consecutive month, signaling a slowdown in labor force growth and AUD/USD Forex rate. Despite this, employment in the country increased by 60.6 thousand to 13.510 million people, and the share of the economically active population – up to 66.7%, although the number of unemployed increased by 7.8 thousand people, amounting to 548.1 thousand. Thus, the national labor market is actively recovering, which provides support to the national economy and AUD/USD Forex chart.

US politics and AUD/USD Forex prediction

In turn, two key blocks of statistics were published in the US the day before, which influenced the quotes of the AUD/USD live Forex chart. Thus, the number of applications for unemployment benefits amounted to 229 thousand, which exceeded the 215 thousand predicted by analysts, and the total number of citizens receiving payments from the state increased to 1.312 million from 1.309 million. In addition, a report was released on the state of the housing market, which also affected the long-term Forex AUD/USD forecast. According to it, in May, the number of building permits issued fell to 1.695 million from 1.823 million a month earlier, which led to a reduction in the volume of construction of new homes to 1.549 million from 1.810 million a month earlier.

What is seen on the live Forex chart AUD/USD?

Now the Forex AUD/USD trading instrument is testing the level of 0.6960 for a breakdown upwards, however, further positive dynamics of the AUD/USD Forex rate is limited by experts’ fears regarding the slowdown in the global economy.

As you know, a number of global financial regulators, including the US Federal Reserve and the Bank of England, made the expected decisions to raise interest rates, and the US department decided on a record increase of 75 basis points since 1994. Central banks are trying to respond to the soaring consumer prices and the downtrend of the AUD/USD Forex chart, sacrificing the prospects for economic recovery, while external factors change little.

Live Forex chart AUD/USD support and resistance levels

So what’s with AUD/USD Forex today? On the daily chart, Bollinger Bands are steadily declining: the price range is expanding, clearing the way for the “bears” to new local highs.

The MACD indicator of the AUD/USD live Forex chart is falling, keeping a weak sell signal (the histogram is below the signal line). Stochastic is trying to turn into a horizontal plane, being located approximately in the center of its working area.

Experts’ AUD/USD Forex prediction says that the resistance levels are as follows:

  • 0.7000,
  • 0.7050,
  • 0.7100,
  • 0.7150.,

Support levels:

  • 0.6950,
  • 0.6900,
  • 0.6849,
  • 0.6800.

Our Forex AUD/USD forecast of the upward dynamics is being strengthened. Also you can see Usd/Cad forecast and Apple stock price.

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