Could the AUDUSD rise 500 pips after tomorrows US NFP data?

The moves this summer in the AUDUSD were bearish following on from the June FOMC meeting which had traders shift into a very bullish sentiment trade on the US dollar. Since the market heard from Fed Chair Powell at the Jackson Hole symposium there has been more concern that the timeline for rate hikes is a long way out than expected and that the employment data may prevent the FOMC from starting their taper of asset purchases.  The result is buyers have stepped into the AUDUSD this last couple of weeks and they are regaining some of those losses since June.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:41 US DOLLAR INDEX

1:00 AUD/USD