The AUDUSD is last trading at 0.7775.........>

AUSSIE: The AUDUSD is last trading at 0.7775 heading in to today's labour market

report, with median exp. Looking for a headline rise of 20K jobs.

- At its most recent MonPol decision the RBA noted that "notwithstanding the

improving labour market, wage growth remains low. This is likely to continue for

a while yet, although the stronger economy should see some lift in wage growth

over time. Consistent with this, the rate of wage growth appears to have

troughed and there are reports that some employers are finding it more difficult

to hire workers with the necessary skills." ANZ expect "another solid rise in

employment for February, extending the record run of monthly gains. The

fundamentals remain sound; and leading indicators, in particular the profits and

employment readings from the business surveys, suggest ongoing jobs growth. We

look for a rise of 20,000 and a tick down in the unemployment rate to 5.4%."

- Fresh '18 AUDUSD lows lacked follow through resulting in a bullish reversal on

Wednesday. Bulls now look for a close above the 200-DMA (0.7805) to confirm

initial focus on 0.7842-0.7935 where the falling TL off YtD highs is located. To

the downside, the 0.7725 support is now key.