- The Aussie surged on a thumping jobs report that saw Australia add over 50 thousand jobs, allowing Aussie bulls to make room for a potential move higher.
- Higher timeframes still show the AUD/USD constrained within a rough channel on the H4 candles, and failure to break to the upside will see a move back to the bottom in the coming weeks.
- 2018’s lows still remain nearby at the 0.73 critical handle.
Spot rate: | 0.7421 |
Relative change: | 0.33% |
High: | 0.7440 |
Low: | 0.7393 |
Trend: | Bullish |
Resistance 1: | 0.7440 (current day high) |
Resistance 2: | 0.7493 (R3 daily pivot) |
Resistance 3: | 0.7500 (major technical level) |
Support 1: | 0.7393 (current day low) |
Support 2: | 0.7380 (61.8% Fibo retracement level) |
Support 3: | 0.7342 (current week low) |