Today one of the most volatile currency was AUDUSD. Despite today’s non-farm payrolls market behaved calmly. Reading was in line with forecasts and reaction wasn’t too big. AUDUSD within 15 minutes reached to December’s low and rebounded. An hour later price broke above December’s high. In a long term there is downtrend so you may want to look into resistances. Rebound from one of them should bring new wave of falls.
Next resistances are at levels: 0.7380, 0.7600, 0.7800, 0.7900. Only break above 0.8000 will give a chance to trend reversal. Current rebound has a chance to reach Fibonacci 38.2% level (0.7000) which is supported by resistance. If one of that resistances cause rebound nearest target of falls are at 0.7020, 0.6900.
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