FxWirePro: Aussie strengthens against major peers on robust employment data
AUD/NZD is currently trading around 1.0853 marks. Pair made intraday high at 1.0860 and low at 1.0822 marks. Intraday bias remains bullish till the time pair holds key support at 1.0798 mark. A daily close below 1.0838 w…
Pair made intraday high at 1.0860 and low at 1.0822 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0798 mark.
A daily close below 1.0838 will take the parity down towards key supports around 1.0798, 1.0737, 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
On the other side, a sustained close above 1.0838 will drag the parity higher towards key resistances at 1.0912/1.0966/1.1062/1.1148 levels respectively.
Australia July employment increase to 27.9 k (forecast 20.0 k) vs previous 20 k (revised from 14.0 k).
Australia July unemployment rate decrease to 5.6 % (forecast 5.6 %) vs previous 5.7 % (revised from 5.6 %).
New Zealand Q2 producer price index inputs +1.4 pct vs previous quarter.
New Zealand Q2 producer price index outputs +1.3 pct vs previous quarter.
