AUD/USD Outlook (14 May 2020)

Overall, AUD/USD is trending upwards. Recently, AUD/USD trended lower after the release of the overall poor Australian employment data earlier today. The poor jobs data reflected the impact of social distancing and other business-related restrictions in an effort to curb the spread of COVID-19.

• Employment Change (Actual: -594.3K, Forecast: -575.0K, Previous: 5.9K)
  
• Unemployment Rate (Actual: 6.2%, Forecast: 8.3%, Previous: 5.2%)
  

Currently, AUD/USD is moving towards the support level of 0.64000 and the next resistance level is at 0.65500.
Look for selling opportunities of AUD/USD if it breaks the support level of 0.64000.