Recovery efforts seen shallow with AUDUSD....>

AUSSIE: Recovery efforts seen shallow with AUDUSD holding at the base of its

daily $0.7204-41 range. Main focus turns to US jobs data at the bottom of the

hour for direction. Nonfarm payrolls are forecast to rise by 190,000 in November

after a much stronger-than-expected 250,000 rise in October, a rebound from the

previous month's weak reading. The unemployment rate is expected to hold steady

at 3.7% for a third straight month. Hourly earnings are forecast to rise to

0.3%, with the year/year rate likely to slip back from the 3.1% rate posted in

October due to base effects. The average workweek is expected to stay at 34.5

hours in November. It's also worth reminding that there are some extremely large

expiries rolling off for today's NY cut which could stall price action. More

notable ones at $0.7250 & $0.7260, totalling 6.59 yards. Downside support in

AUDUSD from the 50-dma at $0.7185. Last $0.7205.