The AUDUSD currency pair is currently trading at a level of 0.64658 and is showing consolidation above the 0.6450 level following the release of mixed employment data from the United States.

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• AUD/USD consolidates above 0.6450 after the US mixed employment data.

The pair currently trades last at 0.64658.

The previous day high was 0.6522 while the previous day low was 0.6438. The daily 38.2% Fib levels comes at 0.647, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.649, expected to provide resistance.

AUD/USD recovers from the previous session’s losses, trading higher around 0.6460 during the Asian session on Monday. The pair experienced downward pressure due to mixed employment data from the United States (US) released on Friday. The moderate figures reinforce the possibility of no interest rate change by the US Federal Reserve (Fed) at the September meeting.

The US Nonfarm Payrolls report for August printed the reading of 187K, compared to the market consensus of 170K. The data reported 157K figure in the month of July. Average Hourly Earnings (Aug) declined to the rate of 4.3%, which was expected to remain consistent at 4.4% from the previous reading.

However, investors are still factoring in a 25 basis points (bps) rate hike by the US Federal Reserve (Fed), which acts as a headwind for the AUD/USD pair and limits the gains of the pair.

Market participants will watch the Reserve Bank of Australia (RBA) monetary policy meeting on Tuesday. The RBA is expected to extend the rate pause for the second consecutive month and defy the expected rate hike of a quarter basis points as the cost pressure in the country is easing.

US Dollar (USD), which measures the performance of the Greenback against six other major currencies, hovers around 104.20. Additionally, the improved US Treasury yields provided support to the buck, which closed at 4.18% on Friday. Market participants await additional guidance from the Fed regarding its upcoming policy decision as robust US Nonfarm Payrolls data raised the concerns around inflation outlook.

Technical Levels: Supports and Resistances

AUDUSD currently trading at 0.6464 at the time of writing. Pair opened at 0.6453 and is trading with a change of 0.17 % .

The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 0.6465, 50 SMA 0.6606, 100 SMA @ 0.6643 and 200 SMA @ 0.6721.

The previous day high was 0.6522 while the previous day low was 0.6438. The daily 38.2% Fib levels comes at 0.647, expected to provide resistance. Similarly, the daily 61.8% fib level is at 0.649, expected to provide resistance.

Note the levels of interest below:

• Pivot support is noted at 0.642, 0.6388, 0.6337
• Pivot resistance is noted at 0.6504, 0.6555, 0.6587

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