•AUD/USD slipped lower from one week high on Friday as US dollar gained some traction ahead of U.S. payrolls data.
• Market focus shifted to Friday’s U.S. nonfarm payrolls data as investors gauge signs of a potential economic slowdown.
• Nonfarm payrolls are expected to rise by 160,000 in February, up from 143,000 in January, while the unemployment rate is forecast to remain at 4.0%, a survey showed.
• At GMT 05:47, The Australian dollar was last trading down 0.43% to $0.6304.
• Immediate resistance is located at 0.6364 (61.8%fib), any close above will push the pair towards 0.6411(Higher BB).
• Support is seen at 0.6295 (50%fib) and break below could take the pair towards 0.6220(38.2%fib).
Recommendation: Good to sell around 0.6310, with stop loss of 0.6400 and target price of 0.6260
