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AUD/USD breaks 0.77 ahead of Aus jobs, USD weakness main driver

FXStreet (Bali) - AUD/USD has spiked north in early Asia, reaching its highest at 0.7717 after tripping some stops above the round number, with the move being driven by broad-based USD weakness across the board, ahead of the Aus jobs report.

Jim Langlands, Founder at FXCharts, notes: "A firmer reading will place 0.7700 under severe pressure (broken now), above which would see a run towards daily cloud base at 0.7720 (tested at the moment) and to the 9 Apr high at 0.7737, where the daily Kijun will provide resistance. Above here would head towards 0.7760 and then on to 0.7800."

"The downside is going to find support today at 0.7645/50 and then at 0.7630 (100HMA) below which would head back to 0.7600", Jim adds.

USD/JPY bears riding supply in the greenback in early Tokyo

USD/JPY is offered and currently trading at 118.89 with a high of 119.20 and a low of 118.89 in the Tokyo open.
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Australia Consumer Inflation Expectation rose from previous 3.2% to 3.4%

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