- Aussie buoyed after Australia's unemployment rate for July surprisingly dropped, while job gains accelerated more than expected.
- No major support to the US dollar from FOMC minutes overnight, minutes were seen as less hawkish than expected.
- AUD/USD spiked to session high of 0.7719 before paring some gains to fall back to 0.7695 levels.
- Techs on 4 hourly charts support upside in the pair, weakness only below 0.76 level.
- Price action was rejected at lows by 0.76 handle on Wednesday's trade and a bounce off 20-DMA seen.
- Immediate support is seen at 0.7678 (1H 50 SMA), while resistance on the upside is located at 0.7750 (trendline).
Recommendation: Good to buy dips around 0.7680, SL: 0.76, TP: 0.77/ 0.7750
