FxWirePro: AUD/USD softens, US Non-Farm Payrolls key

• AUD/USD edged lower on Friday in subdued trading as markets look towards U.S. jobs data.

•  Nonfarm payrolls probably increased by 60,000 jobs last month after rebounding by 64,000 in November, a survey of economists estimated. 

• The economy lost 105,000 jobs in October, the largest decrease in nearly five years, mostly federal government employees who took deferred buyouts.

•  Traders are pricing in at least two rate cuts from the Federal Reserve this year, although a divided central bank indicated in December there would be only one cut in 2026.

• The Australian dollar was flat at $0.6698, having eased 0.3% overnight to mark a second day of declines from the 15-month peak of $0.6766.

•  Immediate resistance is located at 0.6726(Jan 8th high), any close above will push the pair towards 0.6753 (Higher BB).

•  Support is seen at 0.6683 (38.2%fib) and break below could take the pair towards 0.6677(SMA 20)

Recommendation: Good to sell around 0.6700 with stop loss of 0.6850, and target price of 0.6640