AUD/USD spike sold into after aussie jobs data

Currently, AUD/USD is trading at 0.7476, up 0.08% on the day, having posted a daily high at 0.7503 and low at 0.7468.

AUD/USD has dropped on the back of the Australian Oct employment report today that has that came in worse-than-expected. The employment change was at +9.8k vs +20k expected, but far better than -9.8k prior. There was an improvement in full time job creation at +41.5k vs -53k last, while part time jobs came at -31.7k vs 43.2 last. Australian Oct jobs short of expectations, full time employment recovers

Meanwhile, the report was a balanced improvement and allows the RBA to stay on hold given their previous rhetoric around the last meeting and subsequent statement and RBA minutes. 

AUD/USD levels

Current price is 0.7476, with resistance ahead at 0.7481 (Daily Classic S2), 0.7497 (Hourly 20 EMA), 0.7503 (Daily High), 0.7511 (Daily 200 SMA) and 0.7520 (Daily Classic S1). Next support to the downside can be found at 0.7470 (Monthly Low), 0.7470 (Weekly Low), 0.7470 (Daily Open), 0.7468 (Daily Low) and 0.7460 (Yesterday's Low).