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FxWirePro: Aussie strengthens against major peers on robust job data

AUD/NZD is currently trading around 1.0971 marks. Pair made intraday high at 1.0972 and low at 1.0917 marks. Intraday bias remains bullish till the time pair holds key support at 1.0900 mark. A sustained close above 1.09…

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FxWirePro: Aussie strengthens against major peers on robust job data
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  • AUD/NZD is currently trading around 1.0971 marks.
     
  • Pair made intraday high at 1.0972 and low at 1.0917 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0900 mark.
     
  • A sustained close above 1.0926 will drag the parity higher towards key resistances at 1.0976/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
     
  • Alternatively, a daily close below 1.0926 will take the parity down towards key supports around 1.0844/1.0782/1.0658/1.0572/1.0502  marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • Australia Aug employment +44.0k s/adj (poll +15k).
     
  • Australia Aug unemployment rate 5.3 pct, s/adj (poll 5.3 pct).
     
  • Australia Aug participation rate 65.7 pct, s/adj (65.6 pct).
     
  • Australia July employment revised to -4.3k, from -3.9k.
     
  • Australia's S&P/ASX 200 index down 0.23 pct at 6,161.60 points in early trade.

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