
Australian Dollar Price Action Setups: EUR/NZD, GBP/AUD, EUR/AUD
AUD/NZD eyes a breakout while GBP/AUD and EUR/AUD remain under pressure, though near-term momentum warns of potential Aussie pullbacks.
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AUD/NZD eyes a breakout while GBP/AUD and EUR/AUD remain under pressure, though near-term momentum warns of potential Aussie pullbacks.

Australian jobs data softened as unemployment rose to 4.5%, trimming RBA hike risks while AUD/JPY and AUD/NZD signal potential downside.

The Kiwi has gone quiet, but the RBNZ Survey of Expectations out soon may provide the catalyst traders have been waiting for.

Stronger employment wasn't enough to offset a surge in labour force participation, leaving unemployment at its highest level in more than a decade. The report keeps a September RBNZ hike in play but casts doubt on the rate path beyond.

AUD/USD, AUD/JPY and AUD/NZD react to stronger risk sentiment, with major resistance levels likely to determine the Australian dollar's next move.

The Aussie dollar has long been a way to express a view on emerging Asia. That may be changing as the region's currencies begin moving in the same direction against the US dollar.