• A few high-impact events this week, but nothing of material impact on the AUDUSD.
• AU Employment headlining this week with a higher unemployment rate expected of 4.1%.
• Expect the AUDUSD to show signs of bearish moves this week, ranging from 0.6739 to 0.6813.
• Huge news coming out of the US over the weekend with an assassination attempt on former President Trump.
• This news is likely to reduce the risk appetite of USD pairs over this week, where AUD pairs can be found moving lower.
• The AUDUSD will be majorly influenced by the employment numbers this week, with an expected slight positive employment change of 20.2K but a higher unemployment rate of 4.1% from 4.0%, indicating the impacts of high interest rates flowing into businesses.
• US Retail sales will continue to highlight the consumer expenditure patterns, with an expected drop of -0.2% m/m.
• Keep an eye on the FOMC speech by Fed Chair Powell as well for any rate cut hints.
• Make way for the AUD bears targeting around the 67c level