FxWirePro: Aussie falls against major peers as employment data misses expectations
AUD/NZD is currently trading around 1.0769 marks. Pair made intraday high at 1.0792 and low at 1.0762 marks. Intraday bias remains bearish till the time pair holds key resistance at 1.0850 mark. A sustained close above 1…
Pair made intraday high at 1.0792 and low at 1.0762 marks.
Intraday bias remains bearish till the time pair holds key resistance at 1.0850 mark.
A sustained close above 1.0786 will drag the parity higher towards key resistances at 1.0850/1.0927/1.0998/1.1072/1.1122 levels respectively.
Alternatively, a daily close below 1.0786 will take the parity down towards key supports around 1.0736/1.0620/1.0572 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
Australia May employment decrease to 12 k (forecast 18 k) vs previous 22.6 k.
Australia May unemployment rate decrease to 5.4 % (forecast 5.5 %) vs previous 5.6 %.
Australia May full time employment decrease to -20.6 k vs previous 32.7 k.
Australia May participation rate decrease to 65.5 % (forecast 65.6 %) vs previous 65.6 %.
