• AUD/USD eased slightly on Friday as doubt builds on Middle East peace deal and markets remained cautious ahead of key U.S. employment data update.
•Investors remained cautious ahead of the release of the closely watched U.S. July employment report, which is expected to provide fresh guidance on the Federal Reserve's interest-rate outlook.
•U.S. nonfarm payrolls are expected to have risen by 80,000 in July after a 57,000 increase in June, while the unemployment rate is forecast to remain unchanged at 4.2%.
• Adding to geopolitical tensions, Yemen's Houthi movement claimed to have launched large-scale ballistic missile and drone attacks, raising concerns over potential disruptions to global energy supplies..
• Immediate resistance is located at 0.7064 (50%fib), any close above will push the pair towards 0.7080(Higher BB).
• Support is seen at 0.7000(SMA20) and break below could take the pair towards 0.6976SMA20(38.2%fib).
Recommendation: Good to sell around 0.7050, with stop loss of 0.7100 and target price of 0.6950
