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  • 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.

AUD/USD Chart, 15-Minute

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)