Last week, the “Aussie” enjoyed a stellar employment report, with the employment change numbers rising above expectations to 88.7, meaning that all the job losses from the pandemic have now been recovered. In our previous analysis, we correctly forecasted the pair to enter a corrective phase that will drag the price to our resistance area. Next week, we expect the bearish sentiment to dominate the pair towards the strong support area located at the $0.7550 level. Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.