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FxWirePro: Aussie trades marginally lower against kiwi after employment data

AUD/NZD is currently trading around 1.0747 marks. Pair made intraday high at 1.0760 and low at 1.0717 marks. Intraday bias remains neutral till the time pair holds key support at 1.0715 mark. A sustained close above 1.07…

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FxWirePro: Aussie trades marginally lower against kiwi after employment data
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  • AUD/NZD is currently trading around 1.0747 marks.
     
  • Pair made intraday high at 1.0760 and low at 1.0717 marks.
     
  • Intraday bias remains neutral till the time pair holds key support at 1.0715 mark.
     
  • A sustained close above 1.0756 will drag the parity higher towards key resistances at 1.0820/1.0945/1.1072/1.1113/1.1163/1.1238/1.1289/1.1384 levels respectively.
     
  • Alternatively, a daily close below 1.0756 will take the parity down towards key supports around 1.0693, 1.0648, 1.0550 and 1.0443 marks respectively.
     
  • Australia Jan employment decrease to 16 k (forecast 15 k) vs previous 34.7 k.
     
  • Australia Jan unemployment rate stays flat at 5.5 % (forecast 5.5 %) vs previous 5.5 %.
     
  • Australia's S&P/ASX 200 index up 0.84 pct at 5,890.20 points in early trade.

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