FxWirePro: Aussie falls against major peers after lower than expected employment data
Thursday, November 17, 2016 1:02 AM UTC
- AUD/NZD is currently trading around 1.0548 marks.
- Pair made intraday high at 1.0581 and low at 1.0532 marks.
- Intraday bias remains bearish till the time pair holds immediate resistance at 1.0572 marks.
- A sustained close above 1.0572 will drag the parity higher towards key resistances at 1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
- Alternatively, a consistent close below 1.0572 will take the parity down towards key supports around 1.0506, 1.0446, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
- Australia’s October employment +9.8k s/adj (Poll: +20k).
- Australia’s October unemployment rate 5.6 pct, s/adj (Poll: 5.6 pct).
- Australia’s October full time employment +41.5k s/adj.
- Australia’s October participation rate 64.4 pct, s/adj (Poll: 64.6 pct).