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AUD/USD remains on back foot

FXStreet (Guatemala) - AUD/USD is trading at 0.9266, down -0.05% on the day, having posted a daily high at 0.9275 and low at 0.9266.

AUD/USD has been consolidating the slide from yesterdays business in Asia and Analyst at TD securities explained and reminded us that the Australian unemployment for July posting a shocking rise from 6.0% to 6.4% on the back of no employment growth and a rise in the participation rate, driving AUD/USD almost a percent lower and renewing a 30-40% pricing for a rate cut this year.

AUD/USD Levels

With spot trading at 0.9266, we can see next resistance ahead at 0.9284 (Hourly 20 EMA), 0.9305 (Daily Classic S1), 9330 and 0.9370. Support below can be found at 0.9259 (Low), 0.9220 and 0.9180.

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