Aud/Usd has largely consolidated.............>

AUSSIE: Aud/Usd has largely consolidated $0.7941-85 in Europe, off from its post

Home Loans data highs of $0.7999. Focus turns to the Australian employment

report for next direction, scheduled for release tomorrow at 0030GMT. The

unemployment rate is forecast to remain unchanged at 5.4%, employment change is

expected to show 15k added jobs which is much lower than the previous month

(61.6k). The participation rate is likely to come in-line with expectations of

65.5%. Despite a fall in employment growth from the November release,

speculators could see this as a steady improvement which in the long run should

interpret higher inflation and wages. On the topside barrier interest remains at

$0.8000, a break here is likely to trigger stops, opening $0.8039/59 (Max 5th

wave target rise from $0.7502, Sep11 high). Aud/Usd last $0.7972.