AUDUSD tests 0.6450 following solid Australian jobs data

14 Eyl 2023

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

14 Eyl 2023

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good luck

14 Eyl 2023

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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.