AUD/USD maintains small intraday gains and is still below 0.6800.

On Friday, the AUD/USD pair begins to trend upward again and recoups some of the significant losses from the previous day.

Spot prices, on the other hand, find it difficult to benefit from the change and continue to trade below the round number during the early European session.

The loosening of China’s rigorous COVID-19 rules provides some support for the risk-sensitive Aussie, which has seen a minor improvement in the sentiment toward global risks.

The widely publicized NFP data may have an impact on the Fed’s policy priorities and be a major factor in the near-term demand for the USD.

This should help investors estimate the AUD/USD pair’s next leg of a directional move.

This calls for considerable prudence from bulls before planning for any additional move toward appreciation.