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FxWirePro: Aussie strengthens against major peers on robust employment data

AUD/NZD is currently trading around 1.0934 marks. Pair made intraday high at 1.0938 and low at 1.0879 marks. Intraday bias remains bullish till the time pair holds key support at 1.0860 mark. A sustained close above 1.08…

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FxWirePro: Aussie strengthens against major peers on robust employment data
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  • AUD/NZD is currently trading around 1.0934 marks.
     
  • Pair made intraday high at 1.0938 and low at 1.0879 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0860 mark.
     
  • A sustained close above 1.0891 will drag the parity higher towards key resistances at 1.0952/1.1020/1.1072/1.1122/1.1180 levels respectively.
     
  • Alternatively, a daily close below 1.0891 will take the parity down towards key supports around 1.0782/1.0658/1.0572/1.0502  marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • Australia June employment +50.9k s/adj (poll +17k).
     
  • Australia June unemployment rate +5.4 pct, s/adj (poll 5.4 pct).
     
  • Australia May employment revised to +13.5k, from +12k.
     
  • Australia's S&P/ASX 200 index up 0.04 pct at 6,247.70 points in early trade.

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