A mixture of stops and sellers have been filled all the way up above 90c, as the AUDUSD took off after another surprisingly result. There were macro funds and exporters seen buying earlier this morning, supporting the AUD, but once the employment numbers were released the AUD jumped 70 pips within seconds, trading above 90c. It fell back 20 pips only to find more support from local buyers. Seems market has been left a touch short on this viscious move higher, trading back above 90c and towards 9020, on its second attack minutes later.
Technically there is isnt much on top until 93c and order wise there isnt anything of note. However, I would be careful of Central bank activity on top, with the AUDUSD moving more than 5% higher over the last few days.
Once again the impulsive move higher has had a knock-on effect on the other majors. EURUSD has followed the AUDUSD higher towards 1.4740 and the USDJPY has seen a move back to 88.20 on a US Dollar sell off.