AUD/USD: awaiting key catalysts while risk remains volatile

AUD/USD is in consolidation of the downside having made a recovery from lows of 0.7330 with demand that met the 50 sma on the hourly sticks at 0.7379 only to fall back to current spot stablizing at the mid point of the 0.73 handle again.

fundamentally, the key events are the Aussie jobs report and the Federal Reserve. Risk is also volatile given the pending EU referendum in Britain next week.  

Brexit: a timely excuse for the Fed for the rest of 2016?

Risk has recovered somewhat today but recoveries in the Aussie are shallow and the greenback is better bid (better than expected retail sales) while oil remains subdued and stocks continue to wane. 

AUD/USD levels

AUD/USD top in place above 0.7500? – Commerzbank

AUD/USD PIVOT POINTS

R3 0.7397, R2 0.7389, R1 0.7382 PP 0.7374, S1 0.7366, S2 0.7358 and S3 0.7351.