AUD/USD Outlook (16 April 2020)

Overall, AUD/USD is trending upwards. Recently, AUD/USD moved lower, breaking below the key level of 0.64.
The Australian employment data released earlier today showed that jobs were still being added in March and unemployment rate increased only by 0.1%, indicating that the Australian job market was not being hit as badly as the other countries with jobs decline.

• Employment Change (Actual: 5.9K, Forecast: -33.0K, Previous: 25.6K revised from 26.7K)
  
• Unemployment Rate (Actual: 5.2%, Forecast: 5.4%, Previous: 5.1%)
  

AUD/USD’s next support level is at 0.61800 and the next resistance level is at 0.64800.