The AUD has been showing lots of volatility this morning, from .8290 to .8265 and back up to .8305. Employment data later this morning will be the main risk event. Dealers say that sentiment remains bearish but that short-covering is likely to continue in the short-term. Dips yesterday down to .8200 found some very willing buyers and the buyers today are likely to appear around .8230/40 I’m told. Technical resistance in the AUD/USD around .8400 and in AUD/JPY 76.90.