Close Menu
Daily ForexDaily Forex
  • Home
  • Broker Comparison
  • Market Rates
  • Market Updates
  • News
  • About us
  • Contact us
  • List your Broker
  • Advertise with us

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Crypto Price Forecast: Bitcoin Eyes Record High, Ethereum Targets $4K, Ripple Soars to New Peak

July 18, 2025

EUR/USD Rises Above 1.1600 as Fed Dovish Tone Eases Market Jitters

July 18, 2025

EUR/JPY Forecast: Bullish Momentum Holds Above 100-Day EMA, But Overbought RSI Signals Caution

July 18, 2025
Facebook X (Twitter) Instagram
  • About Us
  • Contact Us
  • List Your Broker
  • Advertise with Us
  • Economic Calendar
Facebook X (Twitter) Instagram YouTube Telegram
Daily ForexDaily Forex
Demo
  • Home
  • Broker Reviews
  • Learn Forex
  • Learn Crypto
  • Market Rate
  • Market Updates
  • News
Daily ForexDaily Forex
Home » AUD/USD and NZD/USD Slide on Jobs Data Miss, USD/JPY Hovers Near Key Resistance
Currency Updates

AUD/USD and NZD/USD Slide on Jobs Data Miss, USD/JPY Hovers Near Key Resistance

By Yasher RizwanJuly 17, 2025No Comments3 Mins Read2 Views
Facebook Twitter Pinterest LinkedIn Telegram Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
  • AUD/USD weakens after disappointing Australian employment data.
  • NZD/USD follows suit amid broader risk-off sentiment.
  • USD/JPY consolidates within a high-volatility range as markets weigh Fed signals and political uncertainty.

AUD/USD: Hit by Jobs Miss, RBA Dovishness, and Chinese Headwinds

The Australian Dollar fell sharply on Thursday following a softer-than-expected employment report. The Australian economy added just 2,000 jobs in June—well below the 20,000 forecast—while full-time positions declined significantly. This was accompanied by a rise in the unemployment rate to 4.3%, further pressuring the RBA to consider easing monetary policy.

The Reserve Bank of Australia already appears divided, with three members favoring a rate cut. Market pricing reflects a near-90% probability of an August cut, weighing further on AUD sentiment.

Meanwhile, AUD/USD remains caught in a broader consolidation range, supported on the downside by 0.64 and capped near 0.67. The recent drop is also fueled by the strengthening US Dollar, which has rebounded off the 96.50 level and now challenges resistance at the 50-day SMA near 99.

China’s mixed economic signals have offered little help. While Q2 GDP and industrial output came in as expected, soft retail sales and high consumer debt continue to restrict growth. As Australia’s largest trading partner, a subdued Chinese outlook limits any meaningful AUD recovery.


USD/JPY: Treading Cautiously Amid Political and Inflation Uncertainty

The USD/JPY pair remains volatile as political developments add a fresh layer of risk. Reports that President Trump had explored removing Federal Reserve Chair Jerome Powell spooked markets, briefly driving USD/JPY lower despite earlier gains. Although Trump later dismissed the idea, the episode has kept traders on edge.

Technically, USD/JPY is struggling to build momentum above the 149.20 zone. The pair is currently consolidating near 148.00, with short-term direction likely to be dictated by the US Dollar Index, which faces key resistance at the 99 level. A pullback in the DXY could trigger a move back below support levels in USD/JPY.


NZD/USD: Testing Key Support Amid Broader Dollar Strength

The New Zealand Dollar is also under pressure, tracking the Aussie lower in response to weak employment data and persistent strength in the US Dollar. NZD/USD is testing major support around 0.5850. A clean break below this level could trigger further declines, though technical indicators suggest the pair is nearing oversold territory.

Despite downside risks, consolidation between 0.5850 and 0.6100 remains the dominant theme. A breakout beyond this range will likely determine the next directional bias.


Technical Outlook

AUD/USD – 4H Chart: Ascending Broadening Wedge
The pair is trading within an ascending broadening wedge, with resistance around 0.67 and support near 0.64. The recent weakness corresponds with a strong USD rebound. A break below 0.64 may open the door for further downside, while a push above 0.67 would signal renewed bullish momentum.

NZD/USD – 4H Chart: Range-Bound
NZD/USD continues to consolidate between 0.5850 and 0.6100. While support at 0.5850 remains intact for now, a break lower would likely extend losses. A rebound from this level could target the upper end of the current range.

USD/JPY – 4H Chart: In Neutral Territory
The pair is fluctuating within a defined range between 140 and 151. Having cleared 148.30, the path toward the upper boundary at 151 is in focus. A decisive breakout above 151 would confirm bullish continuation, while a drop below 140 would mark a shift in sentiment.

Stay Updated with Daily Forex Pakistan.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Price Forecast: Bitcoin Eyes Record High, Ethereum Targets $4K, Ripple Soars to New Peak

July 18, 2025

EUR/USD Rises Above 1.1600 as Fed Dovish Tone Eases Market Jitters

July 18, 2025

EUR/JPY Forecast: Bullish Momentum Holds Above 100-Day EMA, But Overbought RSI Signals Caution

July 18, 2025

Gold Price Forecast: Bullish Momentum Builds as XAU/USD Bounces Off Key Support

July 18, 2025

USD/JPY and AUD/USD Forecast: Central Bank Policies and US Sentiment in Focus

July 18, 2025

Gold (XAU/USD) and Silver (XAG/USD) Forecast: Bulls Eye Breakout as Metals Consolidate

July 18, 2025
Leave A Reply Cancel Reply

Top Posts

Should Forex Traders Use Brokers Offering Deposit Bonuses? Is It Really Worth It?

March 6, 20252,715 Views

Pakistan Confident in IMF Bailout Review as Economic Stability Gains Momentum

March 4, 20252,651 Views

Gold Price in Pakistan Today – March 7, 2025 (Morning Update)

March 7, 20252,640 Views
Don't Miss

Crypto Price Forecast: Bitcoin Eyes Record High, Ethereum Targets $4K, Ripple Soars to New Peak

July 18, 2025

Bitcoin approaches record highs, Ethereum targets the $4,000 mark, and Ripple (XRP) hits a new peak as bullish momentum fuels crypto markets.

EUR/USD Rises Above 1.1600 as Fed Dovish Tone Eases Market Jitters

July 18, 2025

EUR/JPY Forecast: Bullish Momentum Holds Above 100-Day EMA, But Overbought RSI Signals Caution

July 18, 2025

Gold Price Forecast: Bullish Momentum Builds as XAU/USD Bounces Off Key Support

July 18, 2025
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest Reviews
Daily Forex
Facebook X (Twitter) YouTube
  • Home
  • Privacy Policy
  • Terms of use
  • Disclaimer
  • Feedback
Copyright © 2025 DailyForex.pk. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.