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- AUD/NZD is currently trading around 1.0726 marks.
- Pair made intraday high at 1.0762 and low at 1.0721 marks.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0762 mark.
- A sustained close above 1.0742 will drag the parity higher towards key resistances at 1.0802/1.0945/1.1072/1.1113 levels respectively.
- Alternatively, a daily close below 1.0742 will take the parity down towards key supports around 1.0689/1.0550/1.0443/1.0380/1.0305 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Australia Feb employment increase to 17.5 k (forecast 20 k) vs previous 12.5 k.
- Australia Feb unemployment rate increase to 5.6 % (forecast 5.5 %) vs previous 5.5 %.
- Australia's S&P/ASX 200 index down 0.43 pct at 5,925.00 points in early trade.
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