FxWirePro: Aussie strengthens remarkably against major peers after employment data
AUD/NZD is currently trading around 1.0422 marks. Pair made intraday high at 1.0430 and low at 1.0371 marks. Intraday bias remains bullish till the time pair holds key support at 1.0380 marks. A sustained close above 1.0…
Pair made intraday high at 1.0430 and low at 1.0371 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0380 marks.
A sustained close above 1.0430 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 1.0380 will take the parity down towards key supports around 1.0326/1.0264/1.0222/1.0178 marks respectively.
Australia’s employment change stands at 28.9K vs 38.5K previous release (expected 12.2K).
Australia’s unemployment rate stands at 5.1 pct vs 5.2 pct previous release (expected 5.2 pct).
Australia’s S&P/ASX 200 was trading 0.65 pct lower at 7,086.40 points.
