• EUR/AUD initially dipped on Friday but rebounded strongly as investors digested US jobs data.
• Nonfarm payrolls increased by 142,000 jobs last month after a downwardly revised 89,000 rise in July, the Labor Department's Bureau of Labor Statistics said on Friday.
• EUR/AUD reaches 1.6624 after extending north from 1.6455 , its highest level since 16th August.
• Technical are bullish, daily RSI is at 59, daily momentum studies 9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.6651(23.6%fib ), any close above will push the pair towards 1.6706(Higher BB)
• Strong support is seen at 1.6533(38.2%fib ), and break below could take the pair towards 1.6444(50%fib).
Recommendation: Good to buy around 1.6680 with stop loss of 1.6600 and target price of 1.6740
