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FxWirePro: Aussie trades marginally higher after employment data

AUD/NZD is currently trading around 1.1072 marks. Pair made intraday high at 1.1083 and low at 1.1017 marks. Intraday bias remains slightly bullish till the time pair holds key support at 1.1033 mark. A sustained close a…

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FxWirePro: Aussie trades marginally higher after employment data
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  • AUD/NZD is currently trading around 1.1072 marks.
     
  • Pair made intraday high at 1.1083 and low at 1.1017 marks.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 1.1033 mark.
     
  • A sustained close above 1.1033 will drag the parity higher towards key resistances at 1.1105/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.1033 will take the parity down towards key supports around 1.1010, 1.0989, 1.0930, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • Australia Oct employment decrease to 3.7 k (forecast 17.5 k) vs previous 26.6 k (revised from 19.8 k).
     
  • Australia Oct unemployment rate decrease to 5.4 % (forecast 5.5 %) vs previous 5.5 %.
     
  • Australia's S&P/ASX 200 index down 0.12 pct at 5,927.20 points in early trade.

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