AUD/USD: Short-term strategy; prefer to sell intraday rallies now

• The latest US employment data was quite solid and should give the USD some modest short-term support;
• The AUD/USD tried to run higher in early inter-bank trade but ran into plenty of quite heavy selling interest;
• There is still a whiff of risk-aversion in the air despite the rallies in global equities on Friday.

I’d suggest a short-term range for the AUD/USD of .9150/.9325 with a sell-rally bias from current levels.

Medium-term I am still very much in the buy-dip camp.