Aussie dollar traders are preparing for another busy trading day as they analyze the latest employment data from the Australian Bureau of Statistics, due out midway through the Asian trading session. The market is expecting a 40k increase in jobs in March—a sharp turnaround from last month’s -52.8k print—with the unemployment rate expected to creep up 0.1% to 4.2%. Any significant deviation from these expectations could trigger major moves in the currency, which is currently hovering near key technical levels.
The Aussie has consolidated near its annual high over the past few days after a turbulent trading month that saw it fall 7% before rallying the same amount, fueled by updates on U.S. tariffs. A stronger print today could see the Aussie break through current levels and move into a fresh topside range, with the longer-term target now sitting just under 68 cents. A weaker print would likely see the pair drop back into recent ranges, with short-term support now resting at the 200-day moving average of 0.6183.
Resistance 2: 0.6408 – 2025 High
Resistance 1: 0.6390 – Trendline Resistance
Support 1: 0.6183 – 200-Day Moving Average
Support 2: 0.5912 – Trendline Support and 2025 Low
