FxWirePro: Aussie gains ahead of financial stability report
AUD/NZD is trading around 1.1216 marks. Pair made intraday high at 1.1235 and low at 1.1206 marks. Aussie continues to add strength after better than expected Australia’s employment data. A net 26,100 jobs were added to …
Pair made intraday high at 1.1235 and low at 1.1206 marks.
Aussie continues to add strength after better than expected Australia’s employment data.
A net 26,100 jobs were added to the economy in March, the biggest rise in 2016 and stronger than the market forecast of 18,000. In addition, the unemployment rate falls from 5.8% in February to 5.7% last month, the lowest since October 2013.
Today RBA is going to release financial stability report within few minutes.
Intraday bias remains bullish till the time pair holds key support at 1.1123 marks.
A daily close below 1.1123will take the parity down towards 1.1062/1.1016/ 1.0934 marks.
On the other side, initial resistances are seen at 1.1298/1.1352/1.1590 marks.
We prefer to take long position in AUD/NZD only above 1.1239, stop loss 1.1123 and target 1.1357 levels.
