The AUD/USD currency pair is being asked today at 0.7186, and it has lowered itself on the graph with the red candle label.

The latest developments in the COVID-19 pandemic started affecting the forex market at the beginning of the month. This time, Australia was the victim again.

And the results can be seen in the graph below, where the AUD/USD price movement is regularly volatile. It has recently been impacted by another faulty update that is about to be released. Days are approaching with dreadful news on the horizon.

According to consensus expectations, the Australian Bureau of Statistics (ABS) will disclose the result on January 20, 2022, with an index of employment change of 30,000 in December, compared to the more than 36,000 gain in the month before.

Employment change measures the change in the number of employed people in Australia.

An increase in this metric boosts consumer spending, which in turn boosts economic growth.

Conclusion

Since the AUD/USD pair has been crashing in recent price action, yet the most recent positive price movement shows a higher high wave on the graph, the technical bias could remain optimistic for a while. As a result, it would be a bad idea to quit swapping on it.