FxWirePro: Aussie almost flat against major peers ahead of employment data
AUD/NZD is trading around 1.1080 marks. Pair made intraday high at 1.1090 and low at 1.1052 marks. Intraday bias remains neutral till the time pair holds key support at 1.1062 marks. A daily close below 1.1062 will take …
Pair made intraday high at 1.1090 and low at 1.1052 marks.
Intraday bias remains neutral till the time pair holds key support at 1.1062 marks.
A daily close below 1.1062 will take the parity down towards 1.1016/ 1.0934 marks.
On the other side, a sustained close above key resistance at 1.1123 will drag the parity up towards 1.1298/1.1352/1.1590 marks.
Aussie will release employment change data within few minutes. Market anticipates employment to go up at 18.6K m/m vs 0.3K m/m previous release.
On the other side unemployment rate likely to be at 5.9% m/m vs 5.8% m/m previous release.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
