Why I prefer to be short aud on rallies?

Firstly aud is higher as the market today is just covering back some of the short aud.

Tomorrow's job data will be the key event. Market is expecting about 5k jobs being added. That number could possibly be higher. However, the market will look into more detail on the unemployment rate which is expected to rise further. If participation rate goes up, highly likely the unemployment rate is going to rise up further.

Also the jobs created have all mainly been part time jobs. If you were to look at the full time employment, you will notice that there is an ongoing deterioration in that.

The weekly chart looks bearish to me. I am looking for this week to go lower than the last week's low and tomorrow's key event could be the trigger.

Risk and reward wise, I think it's worth a shot going short.