Via an overnight FX note from JPM, remarking on the weakness in AUD due to the jobs report.
- If AUDUSD can clear the 0.6375/00 support area then momentum could really start to pick up, with 0.6915 the equivalent area in NZDUSD.
JPM add further that they prefer USD long:
- vs NZD, CAD, AUD
- in that order of conviction
(bolding mine) and further advise:
- looking for a stronger signal from equities to increase position sizes
