Technical Analysis: AUDUSD recovers from 13-day-old support line, eyes Aussie jobs report
Although 200-bar SMA restricts immediate AUDUSD upside, the pair's ability to keep an ascending trend line from September 25, not to forget staying beyond 100-bar SMA, favors the bulls. As a result, the pair can again challenge a six-week-old falling resistance line, at 0.7230 now, if managed to clear the 200-bar SMA level of 0.7172 immediate upside barrier. It should also be noted that the 0.7200 round-figures may offer an intermediate halt whereas the 0.7300 and the mid-September highs near 0.7360 can lure the bulls afterward.
Meanwhile, the aforementioned support line near 0.7155 and the 100-bar SMA level around 0.7140 can probe the entries of short-term sellers. Though, the pair's downside break of 0.7140 can test October 07 support close to 0.7095 before targeting the September 25 peak surrounding 0.7085. In a case where the quote remains weak past-0.7085, it becomes vulnerable to drop towards the previous month's low of 0.7005. It's worth mentioning that the Australian employment numbers for September are up for publishing on early Thursday.