Forex Flash: Australia jobs to be appreciably better for AUD/USD to break 1.0490 - NAB

FXstreet.com (Barcelona) - Today's employment report should be key for intra-day AUD volatility, says NAB strategist; While consensus is for a flat job number and +0.1% in the jobless rate to 5.5%, "NAB calls for a 10k drop in employment and also a 5.5% unemployment rate" analysts at the bank note.

NAB expands: "Anything better than market should suffice to see the 1.0490 recent range high tested, though the data may have to be appreciably better than consensus for us to get a break higher. A weak number will merely see us back a little more comfortably into what now looks like an even more restricted 1.0390-1.0490 range."