FxWirePro: AUD/USD intraday upside momentum strong after upbeat domestic jobs data
The AUD/USD pair surged higher on Thursday, after domestic data showed an encouraging jump in full-time jobs and rally in commodities prices. The Aussie performed strongly during the Asian and European sessions, but slig…
The AUD/USD pair surged higher on Thursday, after domestic data showed an encouraging jump in full-time jobs and rally in commodities prices.
The Aussie performed strongly during the Asian and European sessions, but slightly retreated in the US session.
Currently, the currency pair is trading around 0.7641 levels, it is set to advance further towards 0.7700 later towards 0.7750 levels in the short term.
Short pullback around 0.7570 should be viewed as buying opportunities, as Australian dollar is stronger against the US dollar in the short term.
To the upside, the strong resistance can be seen at 0.7700, a break above this level would take the pair towards next resistance level at 0.7734.
To the downside immediate support can be seen at 0.7620, a break below this level will open the door towards next level at 0.7572.
