• EUR/AUD extends gains for the second straight session on Aussie weakness post weak jobs report.
   
• Australia's unemployment rate held steady at 5.7% in March, while 10,800 jobs were added, below expectations of a 12,000 net increase. 
   
• The labor force participation rate unexpectedly fell from 64.9% in March to 64.8% last month, the lowest in almost a year.
   
• Upside in the pair remains capped by strong trendline resistance at 1.56 levels. While cloud offers strong support on the downside.
   
• Stochs are at overbought levels so some caution advised, while momentum studies are bullish, RSI strength seen at 65 levels.
   
• Break below daily cloud finds next strong support at 1.5298 (200-DMA) and further below at 1.5220 (May 5th lows).
   
• On the upside breaks above 1.56 will take the pair to next major hurdle at 1.57.