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AUD/USD recovered from day's lows at 0.6946 after better than expected Australian jobs report and Chinese CPI figures boosted the sentiment around the Aussie
- AUD surges ahead, extends its winning streak in to a fourth day on Thursday as markets continue to cheer upbeat Australian labour market
- Australian employment jumped 17,400 in August, almost three times market forecasts, while the jobless rate eased to 6.2 percent
- AUD/USD fresh weekly highs by 0.7093, rally was capped just shy of the 0.71 barrier
- Daily RSI biased up with room to run, short-term bottom may be forming, bullish outside candle in place
- AUD/USD is currently trading at 0.7064, with immediate resistance at 0.7071 (Session High Sept 9) and support at 0.7040 (10-Day MA)
Resistance Levels:
R3: 0.7173 (21 DMA)
R2: 0.7155 (Daily High Sept 1)
R1: 0.7071 (Session High Sept 9)
Support levels:
S1: 0.7040 (10-Day MA)
S2: 0.7015 (Session Low Sept 9)
S3: 0.6926 (Daily Low Sept 8)
