The Australian dollar could be in for a bumpier ride over the next few trading sessions as Australia drops its latest labor market numbers. Our Event Guide for Australia’s May Employment Report points to a possible rebound after the disappointment from the previous release. But if the jobs report shows more cracks in the labor market, traders could start dialing back their hawkish RBA rate expectations, and that could drag the Aussie lower. Here’s why AUD/USD and AUD/NZD could offer attractive setups if Australia’s labor market report misses market expectations: