• AUD (+0.6%) above 0.65 again, but 0.6535-40 break needed to embolden bulls

• Dollar's inability to rise on good news (NFP) highlights underlying trend

• Consequently, risks continue to favour upside in AUD/USD

• A closing break above 0.6535-40 should prompt bulls to target 0.66

• Would also suggest that the pair if shifting towards a higher range

• Support resides at 0.6468-80 (200-hour SMA and EMA), 0.6400

• Key US-China trade talks set for Monday will be the focus
AUDUSD hourly chart

(Justin McQueen is a Reuters market analyst. The views expressed are his own.)