By printing the higher high lift on the upper side of the AUDUSD price movement, the Australian currency is enjoying its bullish trend since June 23, 2020.

And luckily today, with the price rise of over 0.6900, the AUDUSD has again labeled itself with the green light sign on the graph, the current condition of the AUDUSD is very appreciable and, more importantly, it might remain bullish for the coming weeks of the AUDUSD journey.

That gives the call to the financial investors to come and achieve their business goals.

There are several updates this month that might work to push up the price and takes it up to the optimal stage.

The last two updates that put its impressive effect on price change are the increased job rate and the participation rate that the Australian Bureau of Statistics released yesterday.

The employment rate has changed its negative reading from 264.14 K to the positive 210.9 K, which is a significant indication that it has positive effects on consumer spending and thus boosts growth in Australia.

And then the participation rate, which is the proportion of the total number of labor-force age people, also rose from 62.7 percent last month to 64 percent this month.

The graph above shows that there are several levels of support that supported on the back of the stock, to hold it high against the US dollar and to help it lift the stock to the top.

Conclusion

AUDUSD ‘s market welcomed the short and medium-term traders against it, the market could remain positive for its investors because of its bullish trend.