• AUD/USD faltered at recent range highs/resistance near 0.64 Thursday

• USD staging a recovery since, while weak stocks, commodities now weigh AUD

• AUD/USD nears major support at March 4-Feb 4 lows 0.6187-71

• A break there to expose the 3 Feb low since 2020 at 0.6089

• A close below daily cloud base 0.6249 would add to current bearish tone

• FX option implied volatility one of the few pairs to extend Thursdays highs

• Shows market now more wary of volatility and deeper AUD/USD declines

• FX option premiums warn of extreme volatility over Friday's US jobs data
AUD/USD FX option implied volatility


AUD=D3

(Richard Pace is a Reuters market analyst. The views expressed are his own)