AUD/USD is currently consolidation above 1.0600 after peaking at 1.0611. Generous bids have come into the Aussie today, following better-than-expected Australia jobs report, which came at +14k in total vs +10k expected.
Sean Lee, Founder at FXWW, notes: "The daily chart is showing few signs of topping just yet. Some may even look for a buy signal when the 50MA crosses the 100MA. Personally I prefer to wait for a test of stronger technical resistance levels near 1.0700 before trying the contrarian trade. There are stop-loss orders reported above 1.0615 and they will also be a target."