Today, at the price of 0.7135, AUD/USD currency is being asked, and it has lowered itself on the graph with the red candle label.

The AUD/USD pair’s condition has deteriorated since the beginning of the month as a result of the layer of Omicron variant and its impact on the Forex Market, and Australia has once again become a victim of it.

And the outcomes are represented in the attached graph, where the AUD/USD pair continuously exhibits volatility in its price movement. It will recently be impacted by another nasty upgrade that is soon to schedule in approaching days with terrible forecasted reports.

According to consensus expectations, the Australian Bureau of Statistics (ABS) will announce the employment change report on September 15 with a declining index of 43,300 in January compared to the month before index of 64,800.

The Employment Change measures the change in the number of persons who are employed in Australia.

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

Conclusion

Since the AUD/USD pair has dropped in recent price action, but the most recent positive price movement exhibited a higher high wave on the graph, the technical bias could remain optimistic for some time. However, it is not a good idea to quit exchanging on it.