AUD/USD chart - Trading View
AUD/USD spiked higher on Thursday's trade as the Aussie was buoyed on upbeat labor market report.
The data released by the Australian Bureau of Statistics showed the fulltime jobs growth picked up pace in June.
The economy added 21.1K fulltime jobs last month, compared to 2.4K additions in the prior month. Further, the jobless rate remained unchanged at 5.2% as expected.
Upbeat labor data will for now ease pressure on the Reserve Bank of Australia to cut rates immediately in August.
Major trend in the pair has been bearish and the pair finds stiff resistance at 200-DMA at 0.7090. Breakout required for further upside.
Technical indicators are turning slightly bullish on the daily charts. Scope for upside rising.
Price action has broken above daily cloud and is currently hovering around 23.6% Fib. Break above 200-DMA will see gains upto 38.2% Fib at 0.7276.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro- Major European Indices
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro- Woodies pivot (Major)
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
FxWirePro: USD/ZAR edges higher, set to stay on back foot
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD stuck in range but outlook is bullish 



