AUD/USD chart - Trading View
AUD/USD was extending sideways grind along 200H MA support as the Australian dollar unimpressed by upbeat Australian jobs data.
The major was trading 0.12% lower on the day at 0.7294 at around 05:10 GMT, after closing largely unchanged in the previous session.
The Australian seasonally adjusted estimates for October 2020 showed the Unemployment Rate increased to 7.0%, less than 7.1% expected and compared to 6.9% prior.
The participation rate increased to 65.8%, while employment increased to 12,773,900.
AUD/USD trades with a bullish technical bias. Analysis of GMMA indicator shows major and minor trend are bullish.
Despite good data, markets remained jittery amid persistent covid fears. Cloud offers strong support at 0.7209. Weakness only on break below.
Price action is consolidating above 200W MA. Resumption of upside will see test of 0.74 levels ahead of 78.6% Fib at 0.7573.


Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: EUR/AUD under pressure as key support gives way
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD gains some upside momentum but still bearish
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro- Major Crypto levels and bias summary 



