AUD/USD Analysis

Aussie was one of the region’s main movers this morning in the wake of upbeat data out of Australia and China. Aussie-dollar started at $0.9327 this morning and initially found itself stuck in a $0.9320 to $0.9335 range as early chatter of sellers at $0.9345/55 kept the pair from straying too far to the upside. The release of a April jobs data showed a surprisingly large jump in employment and that triggered a rally in the aussie through those earlier reported offers. The pair hit $0.9362 and then consolidated the move to$0.9341 a few minutes after. The release then of China’s trade data sparked a subsequent rally, with aussie-dollar this time powering to a session high of 0.9376 and was last at $0.9368. More offers are said to be lined up ahead of $0.9400. On the downside, bids are seen also at the region of the overnight low from around $0.9320, with bigger orders spotted lower down at $0.9305/00