The Australian jobs data report focused on trading in the Asian session this morning which has had an impact on the movement of the Aussie dollar currency.
Looking at the report, the economy added weak jobs by just 500 compared to the forecast of 26,400 for January.
Meanwhile, adding to concerns when Australia's unemployment rate for January was reported to have risen to 4.1% higher than the forecast of 4.0%, beating the previous month's reading of 3.9%.
If you look at the price movement on the AUD/USD currency pair chart this morning, the price drop has been displayed, but it is slower than yesterday's price increase pattern.
On Wednesday yesterday, the price has returned to increase again after not continuing the plunge that occurred the previous day which reached the 0.64500 zone.
In the Asian session this morning, the price tested the 0.65000 level before the price drop was made following the reaction to the published data.
However, the price is seen crossing above the Moving Average 50 (MA50) support line on the 1-hour time frame on the AUD/USD chart while investors watch for further movement indicators.
If the price manages to make an increase again, the 0.65000 level as a resistance should be broken to continue the price climb to a higher level.
The next resistance is around 0.65400 which was tested earlier in the week and was also a focus last week.
However, if the price exhibits a downward pattern after this, the 0.64500 support zone will once again be tested.
If it breaks lower, the price will continue the bearish trend movement to reach around 0.64000 and record the latest low.
