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- AUD/NZD is currently trading around 1.0900 marks.
- Pair made intraday high at 1.0907 and low at 1.0881 marks.
- Intraday bias remains slightly bullish till the time pair holds key support at 1.0850 mark.
- A sustained close above 1.0895 will drag the parity higher towards key resistances at 1.0945/1.1072/1.1122 levels respectively.
- Alternatively, a daily close below 1.0895 will take the parity down towards key supports around 1.0851/1.0795/1.0736/1.0620/1.0572/1.0506 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Australia April employment increase to 22.6 k (forecast 20 k) vs previous 4.9 k.
- Australia April unemployment rate increase to 5.6 % (forecast 5.5 %) vs previous 5.5 %.
- Australia April full time employment increase to 32.7 k vs previous -19.9 k.
- Australia's S&P/ASX 200 index down 0.02 pct at 6,105.50 points in early trade.
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