By Robert Howard — Mar 07 - 03:50 AM
• AUD/USD elicits support around 0.6300 after drop from 0.6337 (Asia high)
• There is a huge 0.6300 option expiry for the NY cut; A$2.5 billion strike
• U.S. jobs report due 1330 GMT: Feb NFP forecast at 160k; jobless rate f/c 4%
• NFP miss might inflate AUD/USD to 0.6364 (Thursday's high), if not 0.64
• 0.6409 was 10-week peak a fortnight ago (Feb 21). 0.6415 = Fibo resistance
• Australia household spending rose for fourth consecutive month in January
AUDUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters