Ready for the nonfarm payroll report? Forecasters are expecting respectable job growth, and Amelia Bourdeau agrees.
Bourdeau, director of foreign exchange at Westpac Institutional Bank, sees the payroll report coming in close to the consensus forecast, around 150,000, and that is giving her a trading idea: "I think that will mean that this is a chance to buy the dip in the Australian dollar," she told CNBC's Melissa Lee.
A decent jobs report will give U.S. stocks a lift, Bourdeau says, and "that will also take Aussie dollar up with it."
Bourdeau recommends buying the Australian dollar against the U.S. dollar at 1.0460 with a target of 1.0620 and a stop at 1.0380.