AUD/USD rallies to 0.6780 following disappointing US employment data

AUD/USD has surged 0.9% (60 pips) to 0.6780 after weak US jobs data reinforced expectations for Federal Reserve policy easing. The US Non-Farm Payrolls showed only 142,000 jobs added versus 160,000 expected, while the unemployment rate ticked up to 4.3%. The Australian dollar found additional support from improving risk sentiment and steady commodity prices, with iron ore holding above $100/ton. RBA officials maintained their hawkish stance, suggesting Australian rates will remain elevated longer than US rates, widening the yield differential in AUD's favor. Technical momentum remains bullish, with the pair breaking above the 0.6750 resistance level and 50-day moving average at 0.6730. Next resistance targets include 0.6820 and the psychological 0.6850 level. The diverging monetary policy paths between the RBA and Fed could drive AUD/USD toward 0.7000 if US data continues disappointing.