• AUD/USD rises to 0.6326 as U.S. recession risk weighs on the U.S. dollar

• 0.6326 = intra-day high. Bids around 0.6300 propped AUD/USD in Asia

• There is a large 0.6300 option expiry for the NY cut; A$869 million strike

• Resistance levels include 0.6337 (Friday high) and 0.6364 (Thursday high)

• CFTC data: net AUD short nudged up to 48,233 contracts in week to March 4

• Fed rate hold expected next week (March 19). RBA rate hold expected April 1

AUDUSD

(Robert Howard is a Reuters market analyst. The views expressed are his own)