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…
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 %.
