AUD/USD finds good support at 200-DMA, Aus jobs in focus

The AUD/USD pair clings onto the 200-DMA support located at 0.7540, and makes minor-recovery attempts in a bid to take-out key resistances lined up near 0.7565 region. 

AUD/USD awaits Aus jobs

Currently, the AUD/USD pair trades modestly flat at 0.7557, having stalled its recovery from 0.7512, NY lows.  The Aussie is seen struggling hard to regain the bids, although the bulls continue to guard the 200-DMA fencing amid ongoing post-Trump win consolation in the greenback across the board.

The major treads water amid a data-quiet Asian session, with only the Aus wage price index released, which failed to markets’ meet expectations.

Meanwhile, the losses remain capped in the AUD/USD pair as markets view a complete shift in the RBA’s interest rate outlook. The Australian 1 year RBA OIS pricing has moved to price in rate hikes today for the first time since late 2014, analysts at ANZ noted.

 With the US retail sales now out of the way, focus now remains on a fresh batch of US macro releases due later in the NA session. While Aus jobs report due tomorrow will be eagerly awaited for next direction on the AUD.

AUD/USD Levels to watch   

The pair finds the immediate resistance at 0.7581 (Nov 15 high) above which gains could be extended to the next hurdle located 0.7600 (psychological levels) and 0.7623/27 (50 & 20-DMA). On the flip side, the immediate support located 0.7540 (daily low/ 200-DMA). Selling pressure is likely to intensify below the last, dragging the Aussie to 0.7500 (zero figure) and below that at 0.7469 (Sept 19 low).

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