The Aussie dollar extended strong recovery rally from 0.7500 base into fourth straight day on Thursday and broke above key near-term barrier at 0.7653 (05 Dec high).
Fresh bullish extension was triggered by better than expected Australian jobs data (61.6K new jobs added vs 19.2K f/c) while unemployment rate remained unchanged at 5.4%., adding to strong bullish sentiment after Fed disappointment sent US dollar lower across the board.
Bulls are looking for next barriers at 0.7683/90 (55/200SMA’s which formed bear-cross), with break here expected to open way for extension of corrective leg from 0.7500 towards key short-term barriers at 0.7719/29 (base of falling daily cloud / 02 Nov high).
Session low at 0.7626 marks initial support, with dips expected to hold above 0.7600 (30SMA / daily Kijun-sen).
Res: 0.7675, 0.7719, 0.7729, 0.7800
Sup: 0.7641, 0.7626, 0.7600, 0.7587
