(Corrects payrolls data in second bullet)

• AUD/USD slightly weaker following above-forecast US NFP, but still well within the previous day's range

• Payrolls grew by 178k in March vs 60k f'cast, but Feb revised down to -133k from -92k

• Holiday-thin trade an issue in the market; day's range just 0.6893-0.6916

• Australia observes market holidays on Good Friday and Easter Monday; other key centers also affected by holidays

• Dollar benefiting modestly from payrolls beat, which lifted Treasury yields

• Trading at 0.6897, AUD/USD is straddling the 5-DMA; has held below 10-DMA all day

• Overtaking 21- and 55-DMAs at 0.6998 and 0.7005 would build a case for an upward move

• Similarly, 100- and 200-DMAs at 0.6833 and 0.6686 key on the down side

• Daily RSI at 41.6934 trending lower, not oversold; weekly RSI steady to higher, monthly flat to lower

AUD midday four three two six


(Burton Frierson)