• AUD/USD declined sharply on Thursday as Australian dollar was weighted down after weak employment report showed a big slide in full-time jobs which added to the risk of a further cut in interest rates.
   
• Australian employment unexpectedly fell 9,800 in September as firms shed a huge 53,000 full-time jobs, a disappointing report that slugged the local dollar and could rekindle speculation of further rate cuts.
   
• The intraday trend remains bearish for the pair as Australian dollar is set to come under pressure as the US dollar is set to strengthen on US rate hike view.
   
• To the upside, immediate resistance can be seen at 0.7716, a break above this level would take the pair towards next resistance level at 0.7753.
   
• To the downside immediate support can be seen at 0.7642, a break below this level will open the door towards next level at 0.7596.​
  
  Resistance Levels
  
  R1: 0.7679 (50% Retracement level)
  
  R2: 0.7716 (61.8% Retracement level)
  
  R3: 0.7753 (Aug 11th  high)​
  
  Support Levels
  
  S1: 0.7642  (38.2% Retracement level)
  
  S2: 0.7596 (23.6% Retracement level)
  
  S3: 0.7560 (Oct 6th lows)