Overnight, market received data about the condition of the job market from Australia. Unemployment rate dropped, which was a good sign, but the employment change was worse than expectations. In overall, traders used this data to buy AUD, which is now strengthening across the market. On the EUR/AUD, we bounced again from the horizontal resistance on the 1.571, third time in a row. That is rather a very negative sign and we should see a further drop soon, especially that we are inside of a bearish flag formation.
AUD/USD is aiming higher for the horizontal resistance marked with a green colour. That creates a nice buying opportunity for the short-term traders. Chances that we will test this area are pretty high.
AUD/CAD is also about to test an important horizontal resistance. In addition to that, the price is about to draw a hammer on the weekly chart. End of the week, will be especially interesting on this instrument. Price closing above the orange area will be definitely a strong signal to buy.