FxWirePro: Aussie gains against major peers on robust employment data release
AUD/NZD is currently trading around 1.0557 marks. Pair made intraday high at 1.0560 and low at 1.0519 marks. Intraday bias remains bullish till the time pair holds key support at 1.0508 marks. A sustained close above 1.0…
Pair made intraday high at 1.0560 and low at 1.0519 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0508 marks.
A sustained close above 1.0581 will drag the parity higher towards key resistances at 1.0652/1.0709/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Alternatively, reversal from key resistance will take the parity down towards key supports around 1.0497, 1.0450, 1.0420, 1.0315(May 05, 2015 low), 1.0261 and 1.0109 marks respectively.
Important to note here that in a daily chart, 20D, 30D and 55D EMA heads down and confirms the bearish trend.
Australia’s July employment increase to 26.2 k (forecast 11.0 k) vs previous 7.9 k.
Australia’s July unemployment rate decrease to 5.7 % (forecast 5.8 %) vs previous 5.8 %.
Australia’s July participation rate stays flat at 64.9 % (forecast 64.9 %) vs previous 64.9 %.
