Jobs numbers were positive (the unemployment rate was due to higher participation) but AUD/USD was unable to break 1.03 in European trading and is now chopping indecisively.
Stops are building below 1.0264 with more below 1.0245. Meanwhile, Asian sellers are in the mix at 1.0290/1.0300.
It’s the fourth day of gains for AUD/USD but it has been a struggle, unlike recent rallies that have been fast a powerful. The upshot is that today’s rally broke through minor resistance at 1.0276 and back above the 100-day moving avg. The 200dma is at 1.0345.
