FXStreet (Guatemala) - AUD/USD is currently trading at 0.7037 with a high of 0.7170 and a low of 0.7022. AUD/USD has started to recover from the new lows of 0.7022 after a day of the largest supply since Black Monday on 23rd August 2015. The catalysts was of course Nonfarm Payrolls today with the headline number for October printed at 271K, smashing the estimate of 180K while the prior number was revised to 137K from 142K. Moreover, average hourly earnings posted the biggest year-over-year gain since 2009 and increased 0.4% vs the estimated 0.2% and previous 0.0% m/m, up 2.5%. We now await Yellen and Fed speakers next week for further guidance as to when the first rate hike will come from the Fed, but markets are now pricing in December as a 70% certainty. AUD/USD levels Technically, AUD/USD is now trading below the base of the 2 month channel at 0.7097 with pressures build up from the 0.7298/0.7385 Fibo retracement, 2014-2015 downtrend. We are now in a period of consolidation ahead of the September low at 0.6940. For more information, read our latest forex news.