The AUD/USD currency pair struggles to maintain a position above its 200-day moving average of 0.6455. Despite Australia’s strong labor market indicators, which typically support the Australian Dollar, the currency faces challenges. Analysts from BBH note that underlying resistance levels must be overcome for AUD to build on its positive economic momentum.

Investors should remain vigilant as they anticipate potential shifts that may occur in response to upcoming economic data releases. The labor market’s strength indicates potential growth paths for AUD.