Chart - Courtesy Trading View
AUD/USD has erased early gains and was trading 0.07% higher at 0.6763 at around 06:45.
The pair has failed to extend upbeat Australia Employment data-led gains as higher-than-expected U.S. inflation stoked fears of aggressive Fed rate hikes and recession fears.
The Australian Bureau of Statistics has reported the Employment Change at 88.4k, beating expectations for an addition of 25k jobs,
Further, the Unemployment Rate has trimmed to 3.5%, much lesser than analysts forecasts at 3.8%.
AUD/USD trades with a bearish bias. Major and minor trend in the pair are bearish. Price action is below major moving averages which are trending lower.
Support levels - 0.6703 (Lower BB), 0.6648 (June 2020 low)
Resistance levels - 0.6764 (5-DMA), 0.6858 (21-EMA)
Summary: AUD/USD trades with a bearish bias. Scope for further downside. Test of new multi-year lows on cards.


EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro- Major Crypto levels and bias summary
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: EUR/NZD edges lower but bullish outlook persists
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption 



