AUDUSD tests 0.6450 following solid Australian jobs data
Hello everyone! Today AUD/USD is holding gains above 0.6400 today, after testing the 0.6450 level in immediate reaction to Australia's strong labor market report, which showed a huge jobs gain of 64, 9k in August. The upside seems elusive as the market remains risk-averse ahead of a fresh batch of US data.
A break above 0.6440 would open the door for further gains, targeting 0.6470. Conversely, if the pair falls below 0.6420, a test of the 0.6400 level is likely and the next level to watch is the dynamic support at 0.6390. A break below this support could expose the monthly low.
Support levels: 0.6420 0.6400 0.6355
Resistance levels: 0.6440 0.6470 0.6500
A break above 0.6440 would open the door for further gains, targeting 0.6470. Conversely, if the pair falls below 0.6420, a test of the 0.6400 level is likely and the next level to watch is the dynamic support at 0.6390. A break below this support could expose the monthly low.
Support levels: 0.6420 0.6400 0.6355
Resistance levels: 0.6440 0.6470 0.6500
Note
good luckNote
At the time of the survey, DXY measured greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) down 0.1%; at 104.66.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.