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AUD/USD recovery capped at 0.8725

FXStreet (San Francisco) - The Aussie is trading down again versus the US Dollar after a brief bounce from yearly lows around 0.8660 and a rejection at 0.8725. However, the AUD/USD is currently performing an early jump following ADP data.

The ADP added 213K new payrolls in September; above expectations and highest since June. US created 629K new private ADP jobs in the Q2. USD reaction hasn't been too big as traders are looking ahead to ISM manufacturing.

Currently, AUD/USD is trading at 0.8705, down 0.46% on the day, having posted a daily high at 0.8751 and low at 0.8663.

AUD/USD levels

AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. If the pair extends recovery, it will face next resistances at 0.8725, 0.8750 and 0.8765. On the downside, supports are at 0.8685 and 0.8660.

United States ADP Employment Change came in at 213K, above forecasts (210K) in September

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