FxWirePro: Aussie falls against major peers after lower than expected employment data
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 …
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).
