FxWirePro: Aussie strengthens against major peers on robust employment data
AUD/NZD is currently trading around 1.0431 marks. Pair made intraday high at 1.0446 and low at 1.0399 marks. Intraday bias remains bullish till the time pair holds key support at 1.0400 marks. A sustained close above 1.0…
Pair made intraday high at 1.0446 and low at 1.0399 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0400 marks.
A sustained close above 1.0400 will drag the parity higher towards key resistances around 1.0455, 1.0526, 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
Alternatively, a daily close below 1.0400 will take the parity down towards key supports around 1.0339/1.0264/1.0222 marks respectively.
Kiwi’s GDP q/q stands at 0.7 vs 0.1 previous release (expected 0.5).
Kiwi’s trade balance stands at -753M vs -1039M previous release (expected -700M).
Australia’s employment change stands at 39.9K vs -24.8K previous release (expected 14.5K).
Australia’s unemployment rate stands at 5.2 pct vs 5.3 pct previous release.
Australia’s S&P/ASX 200 was trading 0.02 pct lower at 6,850.40 points.
