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FxWirePro: Aussie strengthens against major peers on robust employment data

  • AUD/NZD is currently trading around 1.1040 marks.
     
  • Pair made intraday high at 1.1053 and low at 1.0994 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0994 mark.
     
  • A sustained close above 1.1023 will drag the parity higher towards key resistances at 1.1107/1.1178/1.1224/1.1301/1.1384/1.1456 levels respectively
    .
  • Alternatively, a daily close below 1.1023 will take the parity down towards key supports around 1.0979, 1.0862, 1.0798, 1.0737, 1.0693, 1.0649, 1.0590, 1.0443, 1.0371, 1.0326 and 1.0237 marks respectively.
     
  • Australia August employment increase to 54.2 k (forecast 15.0 k) vs previous 27.9 k.
     
  • Australia August unemployment rate stays flat at 5.6 % (forecast 5.6 %) vs previous 5.6 %.
     
  • Australia August full time employment increase to 40.1 k vs previous -20.3 k.
     
  • Australia's S&P/ASX 200 index down 0.21 pct at 5,732.20 points in early trade.

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