AUDUSD Eases at the Top After Breaching the 0.70 Level Barrier, Aussie Jobless Rate Rises

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

AUDUSD Price Analysis – July 16

The Australian dollar eases as risk appetite declines on Thursday but maintains upside bias after attempting to crack the 0.70 barriers earlier on in the day. As Australia’s jobless rate ticked higher in June and full-time employment tanked, the AUDUSD pair is struggling to draw bids.

Key Levels
Resistance Levels: 0.7205, 0.7064, 0.7031
Support Levels: 0.6938, 0.6777, 0.5906
AUDUSD Long term Trend: Bullish
After the recovery, AUDUSD gradually climbed to a support level of 0.6800, rising above the long-term moving average of 5 and 13. The price is approaching the nearly one-year high of 0.7064 level again, seeking for specific exploits on the upside.

Furthermore, this view is supported by the relative strength index, as it trades beyond the 50 lines and has yet to hit overbought levels. Once the Aussie consolidates north of 0.70 level, therefore anticipate it to shift towards the next upside goal at level 0.7064. In the meantime, urgent support is at level 0.6970, preceding level 0.6938.
AUDUSD Short term Trend: Bullish
The AUDUSD intraday bias stays optimistic, and the view remains intact. We consider price behavior as a consolidation trend from 0.7064 level. A strong resistance to restrict upside may be seen from there.

The 0.6922 support level breach may transform bias to the downside to launch another downward phase within the trend. AUDUSD may approach below 0.6777 support level. The continuous breach of 0.7064 level, though, should then restart entire growth from 0.5506 level.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *