AUD/USD surges to 15-month high on strong Australian employment data

AUD/USD rocketed to 0.6485, marking a 15-month high following exceptional Australian employment figures that exceeded all forecasts. The unemployment rate unexpectedly dropped, while job additions significantly outpaced estimates, intensifying speculation of a Reserve Bank of Australia rate hike. The aussie gained 0.9% (58 pips) in the session, breaking through multiple resistance levels. Market pricing now shows a 65% probability of an RBA rate increase within the next three months, up from 40% before the data release. Technical indicators suggest strong bullish momentum, with RSI approaching overbought territory at 72. Immediate resistance lies at 0.6500 psychological level, while support has formed at 0.6420. The employment strength contrasts sharply with other developed economies experiencing labor market cooling, positioning the Australian dollar as a potential outperformer. Traders should monitor Chinese economic data for additional AUD direction.