Forex: AUD/USD consolidating near 1.04 pre-AU jobs data

FXstreet.com (San Francisco) - After re-testing offers in the 1.0470 price zone (7-wk highs), AUDUSD closed the NA session at its daily lows Wednesday on broad U.S. dollar demand as the focus shifts to the U.S. 'fiscal cliff' after President Obama's re-election, which curbed risk appetite.

In early Asia, AUDUSD is hovering around the 1.04 figure ahead of Australian employment numbers to be released at 00:30 GMT. Valeria Bednarik, Chief Analyst at FXstreet.com says that spot became slightly offered after the release of negative NZ jobs data in earlier trade, and that "if [mentioned AU] data disappoints and the pair losses 1.0370, expect further falls in Aussie towards the 1.0300 level," she explains in a research note. "Encouraging data, on contrary, may see the pair aiming back higher towards the 1.0480 highs."