AUD/USD Technical Analysis: trying to lock in 0.7100 after pushing off from 200-hour MA

• The Aussie’s intraday action for early Thursday sees a bump higher on a multi-year low for the Aussie Unemployment Rate, but the Participation Rate and Employment change figures leave something to be desired. Despite the mixed reading, AUD bulls are jumping on the opportunity to bid up the Aussie, and the pair is managing to hold onto the early session’s intraday gains for the time being.
• Long-side traders are piling up support just above the 200-hour moving average, looking to springboard back into the 0.7200 region as this week’s high-side moves remain capped by 0.7150.
• Despite a determined lift from last week’s bottom at 0.7040, the higher candles  show the Aussie struggling to maintain bullish momentum, and a failed break will see the pair dip back into the main bearish trend.

AUD/USD Chart, 1-Hour