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FxWirePro: Aussie falls against major peers on the back of lower than expected employment data

  • AUD/NZD is currently trading around 1.0938 marks.
     
  • Pair made intraday high at 1.0996 and low at 1.0930 marks.
     
  • Intraday bias remains bullish till the time pair holds immediate support at 1.0903 marks.  
     
  • A daily close below 1.0940 will take the parity down towards key supports around 1.0863, 1.0779, 1.0713, 1.0670, 1.0616, 1.0594, 1.0552, 1.0516, 1.0460, 1.0412 and 1.0370 marks respectively.
     
  • On the other side, a sustained close above 1.0940 will drag the parity higher towards key resistances at 1.0996/1.1062 (30D EMA)/1.1148 levels respectively.
     
  • Australia’s February employment decrease to -6.4 k (forecast 16.0 k) vs previous 13.5 k.
     
  • Australia’s February unemployment rate increase to 5.9 % (forecast 5.7 %) vs previous 5.7 %.
     
  • Australia’s February participation rate stays flat at 64.6 % (forecast 64.6 %) vs previous 64.6 %.
     
  • New Zealand’s Q4 s/adj production based GDP +0.4 pct on previous quarter (poll +0.7 pct).
  • Market Data
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