FxWirePro: Aussie rises against major peers immediately after employment data
Thursday, August 16, 2018 2:03 AM UTC
- 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.