FxWirePro: Aussie strengthens against major peers on robust employment data
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 a…
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.
