Equities ESv1, copper HGv1, iron-ore DCIOc2 rallies extend

AU-US yield spreads tighten & USD/CNH drops towards 6.5100

Despite those bullish influences AUD/USD trades lower on the day

Pair hovers just above the session low as investors await US jobs report

Pull back holds above old resistance turned support which sits 0.7405/15

If support holds & US$ weakens after data 0.7450/55 break is likely

76.4% Fibo of 0.8136-0.5510 which sits 0.7516 is then targeted

Should 0.7405/15 break profit taking will put 0.7325/45 zone in play

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