AUDUSD Chart Technical Outlook consolidates ahead of the NFP, 0.6700 is in sight
AUD/USD’s broad bias is bullish. Prices have been consolidating since mid-May, developing an extended corrective structure. There is scope for an upside leg towards the pivot level of 0.6700. Support is located at 0.6650.
This week, the USD is under pressure after a slew of weak employment data from JOLTS, ADP, and the Initial Jobless Claims. Investors will eye the NFP due today for further clues.
