• AUD/USD traded lower overnight as soft AU jobs data weighed and USD firmed

• U.S. treasury yields pared recent losses on Fed stating no rush to cut rates

• U.S. data showed no sharp economic decline, home sales beat, jobless steady

• AUD -1.5% from Thur high before recovering towards 0.6300 NY afternoon

• The pair sitting just above 55-DMA, consolidation phase likely Fri

• Key inflection: AU CPI due March 26 (Reuters poll 2.5% weighted CPI y/y)

• Overnight AUD range 0.62705-0.6341, support 0.6260, resistance 0.6390 0.6415
AUD mng

(James Connell is a Reuters market analyst. The views expressed are his own.)