AUD/USD is getting a modest lift from the mixed employment report. The fact that the private sector led the job growth is a good sign for a sustainable recovery and supports the reflation or “risk” trade, of which Aussie is one of the star players.
Keep an eye on 0.9225, the resistance line drawn off the 0.9405 highs, A close above that level will give the AUD story another boost, along with the potential for yet another RBA hike next week. We trade now at 0.9210.
