AUD/USD Outlook (23 January 2020)

Overall, AUD/USD is trending downwards. Recently, AUD/USD moved higher, bouncing off the support level of 0.68500 after the release of the positive Australian employment data.

Employment Change (Actual: 28.9K, Forecast: 12.2K, Previous: 38.5K revised from 39.9K)
Unemployment Rate (Actual: 5.1%, Forecast: 5.2%, Previous: 5.2%)

Currently, AUD/USD is testing the support level of 0.68500 and the next resistance level is at 0.70200.
Stay out of AUD/USD for now.

Analysis of AUD/USD will resume on 28 January 2019. Happy Lunar New Year!