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FxWirePro: Aussie rises against major peers immediately after employment data

  • AUD/NZD is currently trading around 1.1035 marks.
     
  • Pair made intraday high at 1.1043 and low at 1.0994 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 1.0987 mark.
     
  • A sustained close above 1.1022 will drag the parity higher towards key resistances at 1.1082/1.1175/1.1268/1.1422/1.1526 levels respectively.
     
  • Alternatively, a daily close below 1.1022 will take the parity down towards key supports around 1.0952/1.0844/1.0782/1.0658/1.0572/1.0502  marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • Australia July 2018 employment decrease to -3.9 person (forecast 15 person) vs previous 50.9 person.
     
  • Australia July 2018 unemployment rate decrease to 5.3 % (forecast 5.4 %) vs previous 5.4 %.
     
  • Australia's S&P/ASX 200 index down 0.56 pct at 6,293.50 points in early trade.
  • Market Data
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