24/7 SUPPORT
Download App
Search
Popular Search
Published: 16 April 2026,05:38
Daily Market Analysis New
*Australia’s labour market resilience—steady unemployment and solid employment growth—has boosted confidence in the domestic economy and supported the Australian dollar.
*The data strengthens the case for further tightening by the Reserve Bank of Australia, as a tight labour market supports its inflation-control stance.
*AUD enters a bullish phase backed by commodities and risk sentiment, but remains vulnerable to U.S. dollar strength and any renewed geopolitical escalation.
The Australian dollar strengthened notably on April 16 following the release of March Labour Force data that underscored the resilience of the domestic labour market and reinforced the Reserve Bank of Australia’s hawkish policy stance.
The unemployment rate held steady at 4.3 percent on both trend and seasonally adjusted terms, defying expectations of a modest uptick. Trend employment rose to approximately 14.76-14.77 million, while the participation rate remained stable at 66.8 percent. The underemployment rate held steady at 5.9 percent, and monthly hours worked edged higher, indicating sustained labour demand.
The outcome was broadly in line with or slightly better than consensus expectations of modest job gains and a stable unemployment rate. The continued tightness in the labour market—with unemployment well below historical averages—reduces near-term concerns about economic slack and supports the RBA’s inflation-fighting credentials.
AUD/USD surged following the release, breaking through key resistance levels and extending recent gains. The stronger labour data has lifted expectations for possible additional RBA rate hikes later in 2026, widening the policy differential in Australia’s favor versus more dovish G10 central banks. Commodity prices and improved risk sentiment, aided by Middle East de-escalation signals, have provided additional tailwinds.
The Australian dollar enters a constructive phase but remains sensitive to external factors. Supportive drivers include RBA hawkishness, stable-to-firm commodity prices, particularly iron ore and LNG, and any further signs of contained Middle East risks. Renewed escalation in the Persian Gulf could boost safe-haven U.S. dollar flows and weigh on risk-sensitive currencies like the AUD.
Technical Analysis
The AUDUSD pair has staged a remarkable reversal, erasing all losses incurred in the early session and surging to its highest level since mid-March. This price action signals a decisive shift away from previous bearish momentum and establishes a clear bullish bias for the pair.
The strength of the rebound is underscored by the pair’s ability to reclaim key technical levels and push through prior resistance zones. The bullish momentum appears robust, with no immediate signs of exhaustion despite the sharp rally.
Momentum indicators strongly support the constructive outlook. The Relative Strength Index has re-entered overbought territory, reflecting intense and sustained buying pressure. The Moving Average Convergence Divergence continues to hover at elevated levels, confirming that positive momentum remains structurally dominant and is not showing signs of a bearish crossover.
The technical configuration suggests that the pair has sufficient momentum to challenge its near-term milestone at the 0.7300 mark. This level represents a significant psychological barrier and a key upside target. A sustained break above 0.7300 would open a path toward the 0.7350-0.7380 region and potentially test multi-year highs.
Resistance Levels: 0.7225, 0.7310
Support Levels:0.7145, 0.7030
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Important Notice to Visitors
Our products and services are not offered or made available to residents of your jurisdiction. The information on this Website is not directed at persons in your jurisdiction and is not intended as an offer, solicitation, or promotion of our products or services to them.
By clicking “I Understand”, you acknowledge this notice and confirm that you are accessing this Website at your own initiative. Access to this Website does not mean that our products or services are available to you.
Important Notice
Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.
This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.
We appreciate your understanding and cooperation.
If you believe this restriction has been applied in error, please contact our support team for further assistance.
Dear Valued Client,
As part of PU Prime’s ongoing commitment to providing a stable and reliable trading environment, please be informed of the following weekly weekend scheduled optimisation activities:
We sincerely apologise for any inconvenience this may cause as we strive to provide you with better service. PU Prime is committed to providing you with the best trading experience and this Weekly Scheduled Optimisation Notice will enable us to ensure that you trade without any unexpected interruptions.
For other upgrades that may involve longer disruptions to your trading, we will announce them ahead of time in a separate announcement.
Important Notice:
Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.
Important Notice:
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Aviso importante:
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
