AUD/USD soars to 0.6570 on strong Australian employment data

AUD/USD has rallied sharply to 0.6570, extending gains for a second consecutive session following robust Australian jobs data. The Australian dollar strengthened approximately 0.5% as employment figures exceeded market expectations, reinforcing the Reserve Bank of Australia's hawkish stance on interest rates. The strong labor market report reduces expectations for RBA rate cuts in the near term, providing fundamental support for the Aussie. Technical analysis shows the pair has broken above the key 0.6550 resistance level, opening the path toward 0.6600. The bullish momentum is supported by improving risk sentiment and commodity price strength, both traditional drivers of AUD performance. Immediate support has formed at 0.6550, with further backing at 0.6520. Traders are now watching whether the pair can maintain momentum above 0.6550, as sustained trading above this level could signal a medium-term trend reversal. The combination of strong domestic data and supportive global conditions suggests continued Australian dollar strength.