Via a night FX rating from JPM, highlighting the weakness of the AUD because of the jobs report.
- If the AUDUSD can clear the support area of 0.6375 / 00, the momentum could really start to pick up, with 0.6915 the equivalent area in NZDUSD.
JPM further adds that they prefer the long USD:
- vs NZD, CAD, AUD
- in this order of condemnation
(bold mine) and also advise:
- looking for a stronger signal of actions to increase the size of positions