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…
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).
