AUD/USD Technical Analysis: Aussie making headway on Australian jobs report, but barriers remain
|- The Aussie surged on a thumping jobs report that saw Australia add over 50 thousand jobs, allowing Aussie bulls to make room for a potential move higher.
- Higher timeframes still show the AUD/USD constrained within a rough channel on the H4 candles, and failure to break to the upside will see a move back to the bottom in the coming weeks.
- 2018's lows still remain nearby at the 0.73 critical handle.
| Spot rate: | 0.7421 |
| Relative change: | 0.33% |
| High: | 0.7440 |
| Low: | 0.7393 |
| Trend: | Bullish |
| Resistance 1: | 0.7440 (current day high) |
| Resistance 2: | 0.7493 (R3 daily pivot) |
| Resistance 3: | 0.7500 (major technical level) |
| Support 1: | 0.7393 (current day low) |
| Support 2: | 0.7380 (61.8% Fibo retracement level) |
| Support 3: | 0.7342 (current week low) |
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