AUD/USD trades with modest intraday losses, hold above 0.6400 as traders keenly await US NFP

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• AUD/USD moves away from over a one-month high touched on Thursday.
• The downtick lacks any fundamental catalyst and is likely to remain limited.
• Australian Retail Sales data does little to provide any impetus to the major.
• Traders now look to China’s Caixin Service PMI ahead of the US NFP report.

The AUD/USD pair extends the previous day’s late pullback from the 0.6455 area, or over a one-month high and remains under some selling pressure through the Asian session on Friday. Spot prices currently trade around the 0.6420-0.6415 region, down over 0.10% for the day, and for now, seem to have snapped a two-day winning streak.