AUD/USD Forecast: Holding above 0.7200 ahead of critical wage growth data

. Market participants maintain their attention on the Ukrainian/Russian border, as chances of a war in Eastern Europe have increased. The greenback, however, posted a modest comeback, considering the poor performance of Wall Street.

The near term picture is neutral-to-bullish, as the 4-hour chart shows that the pair holds above a mildly bullish 20 SMA, which advances above the longer ones, while technical indicators lack directional strength but hold above their midlines. A slide below 0.7150 should favor a continued decline towards the 0.7060/70 price zone.View Live Chart for the AUD/USD

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