AUD/USD Update

AUD Employment Change 5.9K
AUD Jobless Rate 5.2%

Currently, the AUD data shows a good sign for Bulls, and we still waiting for the US Jobless claims data in the next 4 hours.
So far it rejected the 38.20% Fib retracement. I agree on the H4 trendline looks like a breakout, but once again, the US Jobless claims data could be a strong catalyst to push gold further to make a new high.

My sentiment remains bullish, and the final potential target is at 0.66416

PS: This analysis fails if it breakout and close below 0.62637

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US Jobless claims 5245K

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Nice breakout on M15

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Price action doesn't look so good, and here are quotes from the dailyfx
RBA
- The central bank will keep doing what is necessary to meet the 3-year yield goal
- GDP could significantly fall in the second quarter and remain subdued in Q3
- Risks in commercial property warrants close monitoring
(BBG)

Currently waiting for RBA Gov Lowe Speaks at 10pm PST

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The trade fails if it breakout and close below the support

Chart update:

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RBA Governor Lowe:

- Likely that Y/Y inflation will be negative in Q2
- Not seeing signs of any stress in the Australian financial system
- Will have low-interest rates for a very long time