Chart of the Day – AUDUSD – (December 2nd, 2021)

Following the NFP tomorrow if we have strong payrolls data, I am looking for a probe (or slight move below) the .7059 level, and possibly to .7000 the figure. However, if you are a long time listener of the FACE (free) webinar, you would know I am looking for support at the long term 38% Fibonacci retracement to hold at .7059 and a reversal higher from there. Earlier this week we came within pips of that level, but since have traded heavy all week. If tomorrow’s jobs report pushes the pair lower to new trend lows, I am looking to be a buyer for a longer term bounce in the pair.