The AUD/USD pair did very little during the session on Thursday, which of course is a much of a surprise considering that this is nonfarm payroll Friday. With that being the case, a lot of the risk appetite in the market won’t be designated until we hit 830 in the morning Eastern Standard Time. Going forward, we fully expect the 0.95 level would be resistive, so unless the jobs number is absolutely horrible, we do not expect any move to go above there. On the other hand, we still think the 0.9250 level should be supportive as well.
Written by FX Empire