AUD/USD points down while the US dollar is stabilized despite the solid Aud’s employment data

• The AUD/USD quotes about 0.6400, returning the earnings of the early session after solid Australian employment data.
• The US dollar stabilizes while the DXY remains just below 101.00 in mixed economic data.
• Technical signals remain mixed, with a neutral RSI and conflictive SMA trends around key levels.

The Aud/USD torque is negotiating near the 0.6400 area, going back from the previous maximums as the US dollar recovers force. This setback follows a solid Australian labor market report, which showed a robust gain of 89,000 jobs in April, significantly exceeding 22,500 expected and marking a strong recovery compared to the previous month. Despite this, the Australian dollar fought to maintain the impulse as the feeling of the market in general became cautious before US economic data publications, including retail sales data and the production price index (IPP).

Fundamentally, the American dollar index (DXY) is still under pressure, quoting just below 101.00. The US data this week painted a mixed panorama, with retail sales increasing only 0.1% in April and the IPP cooling to 2.4% per year, both below expectations. In addition, weekly unemployment requests remained stable in 229K, reflecting a stable but cautious labor market. These figures suggest that, although the US economy is still resistant, the impulse of growth is slowing down, keeping the dollar within a narrow range.

Technical analysis

Technically, aud/USD signs remain mixed. The relative force index (RSI) is around 50, reflecting neutral conditions. The MACD suggests a seller impulse, aligning with short -term bias, while the momentum (10) also leans down. The fast RSI stock in the 30s and the ultimate oscillator around 40 reinforce this neutral to slightly bassist tone. Key support levels are found at 0.6400, 0.6398 and 0.6378, while the immediate resistance is 0.6412, 0.6414 and 0.6419. The 20 -day SMA supports the vendor bias, while the 100 -day SMA offers a more bullish signal, indicating a complex technical panorama.

With the market still digesting mixed USAs from the USA. Waits for more orientation of the Federal Reserve, the AUD/USD can have difficulty getting out of its current range, especially if US economic publications continue to highlight a resistant economy but in cooling.

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