The Australian dollar is at its strongest levels since early August ahead of the nation’s highly anticipated employment report on Thursday.

Released at 9:30 p.m. EDT on Wednesday, economists expect the economy to have created 25.0k jobs in August, adding to the 23.5k jobs created in July. The unemployment rate is projected to decline to 5.2% from 5.3%.

The participation rate, meanwhile, is expected to remain unchanged at 65.5%.

The details of the report are also likely to be closely watched given that last month’s report was not quite as strong as the headline numbers would have suggested. In July, full time employment declined 4.2k in July, while part time employment advanced 27.7% the month prior.

Ahead of the release, AUD/USD is at its best levels since early August, bolstered by expectations of the strong employment report, and after yesterday’s victory by the Labour Party, which ended several weeks of political uncertainty in the region.

On Wednesday, AUD/USD traded between 0.9098 and 0.9193, breaking through the key 0.9181 resistance level, now free to test the 0.9222 from August 6, after which it will be at four month highs.

From a technical standpoint, AUD/USD is also in a firm ascending trend plenty of room to continue moving higher.

The next resistance lies at 0.9273, the intraday high from May 4.