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AUD/USD eyeing March highs

The AUD/USD pair trades 0.13% higher at 0.7640, revisiting daily highs reached at 0.7648 reached in early Asia. The Aussie resumed its upbeat momentum and now forms a small doji candle on the daily charts, suggesting that the bulls lack clear direction and await the US ADP jobs report for further moves.

The upside looks restricted as the oil prices have stalled their rebound and are seen paring gains over the last hour, which acts a drag on the resource-linked Aussie. On the other hand, the bulls find support from a broadly weaker US dollar and the extended rebound seen in the Chinese equities.

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