AUD/USD remains a sell-on-rallies prospect in a week where interpretation of Fedspeak and US labour market data will dominate. While the momentum and price action remain bearish, it will be imperative for the data to portray a message of continued economic strength to see meaningful downside materialise. Event risk for AUD/USD is skewed to the US side of the ledger with only second-tier releases in Australia. The US not only has major data but also a slew of Fed speakers, many of which markets have not heard from since the FOMC meeting in March. The biggest event is left to last with non-farm payrolls on Friday, with ... (full story)