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FxWirePro: Aussie falls against major peers after Australia’s employment data

  • AUD/NZD is currently trading around 1.0665 marks.
     
  • Pair made intraday high at 1.0694 and low at 1.0654 marks.
     
  • Intraday bias remains neutral till the time pair holds immediate support at 1.0635 marks.  
     
  • A daily close below 1.0672 will take the parity down towards key supports around 1.0594, 1.0552, 1.0516, 1.0460, 1.0412, 1.0370, 1.0326, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
     
  • On the other side, a sustained close above 1.0672 will drag the parity higher towards key resistances at 1.0735/1.0754/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
     
  • Australia’s January employment decrease to 13.5 k (forecast 10.0 K) vs previous 16.3 K (revised from 13.5 K).

  • Australia’s January unemployment rate decreases to 5.7 % (forecast 5.8 %) vs previous 5.8 %.
     
  • Australia’s January full time employment decrease to -44.8 K vs prev 9.3 K.
     
  • Australia’s January participation rate decreases to 64.6 % (forecast 64.7 %) vs previous 64.7 %.
  • Market Data
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