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FxWirePro: Aussie strengthens against major peers on robust job data

  • AUD/NZD is currently trading around 1.0971 marks.
     
  • Pair made intraday high at 1.0972 and low at 1.0917 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0900 mark.
     
  • A sustained close above 1.0926 will drag the parity higher towards key resistances at 1.0976/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
     
  • Alternatively, a daily close below 1.0926 will take the parity down towards key supports around 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 Aug employment +44.0k s/adj (poll +15k).
     
  • Australia Aug unemployment rate 5.3 pct, s/adj (poll 5.3 pct).
     
  • Australia Aug participation rate 65.7 pct, s/adj (65.6 pct).
     
  • Australia July employment revised to -4.3k, from -3.9k.
     
  • Australia's S&P/ASX 200 index down 0.23 pct at 6,161.60 points in early trade.
  • Market Data
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