Technicals

Add as a preferred source on Google

FxWirePro: Aussie falls against major peers as employment data misses expectations

AUD/NZD is currently trading around 1.0726 marks. Pair made intraday high at 1.0762 and low at 1.0721 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0762 mark. A sustained clos…

1 min read
FxWirePro: Aussie falls against major peers as employment data misses expectations
Image from the original EconoTimes article

Read the original article

  • AUD/NZD is currently trading around 1.0726 marks.
     
  • Pair made intraday high at 1.0762 and low at 1.0721 marks.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0762 mark.
     
  • A sustained close above 1.0742 will drag the parity higher towards key resistances at 1.0802/1.0945/1.1072/1.1113 levels respectively.
     
  • Alternatively, a daily close below 1.0742 will take the parity down towards key supports around 1.0689/1.0550/1.0443/1.0380/1.0305 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • Australia Feb employment increase to 17.5 k (forecast 20 k) vs previous 12.5 k.
     
  • Australia Feb unemployment rate increase to 5.6 % (forecast 5.5 %) vs previous 5.5 %.
     
  • Australia's S&P/ASX 200 index down 0.43 pct at 5,925.00 points in early trade.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560