The data triggered a dovish repricing in interest rate expectations, with the probability of a September rate hike falling to 38%, compared with 54% before the release. A hot report will likely trigger a rally in the US dollar, with traders increasing rate hike bets. It will do what it considers necessary to achieve that outcome, including increasing the cash rate target further if required. AUDUSD TECHNICAL ANALYSIS – 4 HOUR TIMEFRAMEOn the 4 hour chart, the price action into the resistance looks to be forming a rising wedge. UPCOMING CATALYSTSTomorrow, we have the RBA rate decision.