FxWirePro: AUD/USD rally stalls just shy of 0.71 barrier

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)