AUD/USD chart - Trading View
AUD/USD was trading 0.27% higher on the day at 0.7627 at around 03:00 GMT, outlook bearish.
The pair is consolidating previous session's FOMC-led slump, and is on track to test 200-DMA at 0.7548.
Upbeat Aussie employment data buoyed the Australian dollar, however, dwindling market sentiment keeps upside in check.
Australia Unemployment Rate slumps to 5.1% versus 5.5% expected and prior whereas the Employment Change rally past +30.0K forecasts and -30.6K previous readouts to +115.2K during May.
RBA Governor Philip Lowe's sober comments as he pushed for the need for further easy money while citing inflation and wage growth concerns, keep the Aussie depressed.
Technical indicators have turned bearish. MACD is now below the zero line. ADX supports downside.
Price action has broken major trendline support at 0.7675 and has tested 38.2% Fib at 0.7619. Scope for test of 200-DMA at 0.7548.
