AUD/USD Outlook (15th August 2019)

Overall, AUD/USD is trending downwards. Looking at the recent trend, AUD/USD has been ranging across, with the key level of 0.68 at the top of the range.

This morning, the Australian employment data released was positive. More jobs were added and the unemployment rate remained the same, thus the Australian dollar strengthened, sending AUD/USD closer towards the 0.68 key level.

• Employment Change (Actual: 41.1K, Forecast: 14.2K, Previous: -2.3K revised from 0.5K)
  
• Unemployment Rate (Actual: 5.2%, Forecast: 5.2%, Previous: 5.2%)
  

At the moment, AUD/USD is moving away from the support level of 0.67000 and the next resistance level is at 0.68800.