• AUD/USD rebounded on Thursday, boosted by a positive jobs report but gains were limited due to weakened risk sentiment due to disappointing housing policy briefing in China.
• According to data, Australia's economy created 64,100 new jobs in September, far more than the 25,000 predicted, although the unemployment rate remained at 4.1%.
• A press conference in China failed to energize markets, as policymakers reiterated their commitment to boosting the housing market without announcing any new significant measures.
• Frequently regarded as a liquid stand-in for the yuan, the Australian dollar increased by 0.41% to $0.6688
• Immediate resistance is located at 0.6712 (38.2%fib), any close above will push the pair towards 0.6732(Oct 15th high).
• Support is seen at 0.6660(23.6%fib) and break below could take the pair towards 0.6641(Lower BB).
Recommendation: Good to sell around 0.6710, with stop loss of 0.6800 and target price of 0.6640
