AUD/USD continuously fighting but sliding heading into NFP Friday

• AUD/USD pares Asia losses through NY.
• NFP event risk for this Friday.

AUD/USD begins the overnight session just beneath 0.8040; AUD bounced through the New York session after being the big loser yesterday, giving up ground to other currencies through Tokyo and London. AUD/USD managed to rally during the American session to close the entire day just 15 pips below where it started the previous NY close.

Australia has little economic data to give its currency motivation, except for Producer Price Index data at 00:30 GMT, which is an inconsequential indicator at the best of times. Across the Pacific, US Non-Farm Payrolls are sure to give markets plenty to trade about, releasing at 13:30 GMT.

The Aussie has begun to slip against the Greenback lately after gaining for two straight months, up from the 0.75 handle in early December.

AUD/USD Technical Levels

price has slowly declined from the spinning top candle dropped on the Daily charts on Monday, with technical indicators beginning to turn bearish. Intraday levels are marked at yesterday's low of 0.7987, while intraday swing resistance can be found at 0.8045.

Today's pivot points: 
R2: 0.8154
R1: 0.8110
PP: 0.8031
S1: 0.7994
S2: 0.7951