Australia employment report the big focus for AUD today

Australian employment figures for February are coming up at 0030GMT, I’ll have a preview up before then (in brief, market expectations centre on 10,000 jobs added during the month, with unemployment expected to show a slight uptick to 5.5%).

This is the big focus for the AUD market today – a much better result will likely see AUD/USD up testing resistance around 1.0335 and then around 1.0355. A big miss, on the other hand will likely see a test of 1.0280 support, with 1.0230 the next level down.