Big session upcoming for AUD/USD

By: Adam Button

AUD/USD is beginning to test the top of the 1.0600-1.0520 range. The main event on the calendar in Asia is the December employment report. The consensus is 13.9K and the three previous reports were all stronger than expected. A weak report might create a buying opportunity ahead of Chinese fourth quarter GDP, which will be released on Friday and I expect to be upbeat.