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AUD/USD rebounding and firm on 0.86 handle

FXStreet (Guatemala) - AUD/USD is trading at 0.8615, up 0.60% on the day, having posted a daily high at 0.8638 and low at 0.8541.

AUD/USD has managed to rally and reach into more positive territory on the 0.86 handle having been directly offered below 0.8660 previously. Further downward pressure through 0.8550 opens the three year channel at 0.8417. However, this move has taken out the resistance and is currently firm on the handle. Although the US Nonfarm payrolls was a decent result and yields were up, they were not the best which some analysts had been predicting while the market was set up for a further advance in the greenback. Non-farm payrolls rose 214k, the combined number read at 245k, and this is just about the average for the last several months.

AUD/USD noteworthy levels

With spot trading at 0.8615, we can see next resistance ahead at 0.8629 (Yesterday's High), 0.8638 (Daily High), 0.8647 (Hourly 100 SMA), 0.8658 (Daily Classic R2) and 0.8664 (Weekly Classic S2). Support below can be found at 0.8611 (Daily Classic R1), 0.8585 (Hourly 20 EMA), 0.8582 (Daily Classic PP), 0.8574 (Weekly Classic S3) and 0.8564 (YTD Low).

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