AUD/USd recovers to the 0.74 handle on better than expected jobs headline

Currently, AUD/USD is trading at 0.7397, down -0.16% on the day, having posted a daily high at 0.7419 and low at 0.7384.

Australian Nov jobs report better-than-expected: Employment change of 39.1K

AUD/USD is mixed on a mixed release in the jobs data. What stands out the most is the fact that the economy continues to struggle to support full time work, with full-time employment change coming in at just +39.3K vrs the prior that was +42.2K. The participation rate came in at 64.6% vrs expected is 64.5% and the prior that was 64.4%. However, the overall employment change came in at +39.1K vrs expected +17.5K, so a decent headline that the Aussie has clinged to and takes back the 0.74 handle. 

AUD/USD levels

Current price is 0.7399, with resistance ahead at 0.7409 (Weekly Classic S1), 0.7410 (Weekly Low), 0.7411 (Daily Open), 0.7419 (Daily High) and 0.7425 (Daily Classic S3). Next support to the downside can be found at 0.7394 (Yesterday's Low), 0.7384 (Daily Low), 0.7362 (Weekly Classic S2), 0.7337 (Monthly Low) and 0.7312 (Weekly Classic S3).