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fxJul 2, 2026, 5:16 AM

AUD/USD Bears Eye 0.6850 Break as NFP Looms

The AUD/USD pair traded sideways during the Asian session on Thursday as traders remained cautious ahead of the US Nonfarm Payrolls report, with bears watching for a decisive break below the 0.6850 confluence support.

AUDUSD

The AUD/USD pair oscillated between minor gains and losses during the Asian session on Thursday, as market participants refrained from taking large positions ahead of the US Nonfarm Payrolls (NFP) report due later in the week.

From a technical perspective, bears are awaiting a break below the 0.6850 confluence zone, which could open the door for further downside. The level is reinforced by multiple moving averages and previous support-turned-resistance, making it a key pivot point.

Traders remain focused on the NFP data as the primary catalyst for directional moves, with any strong employment numbers likely to reinforce the US dollar's recent strength.

Source: FXStreet Forex News