FxWirePro: Aussie falls against major peers after lower than expected employment data
AUD/NZD is currently trading around 1.0620 marks. Pair made intraday high at 1.0695 and low at 1.0613 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0751 marks. A sustained close …
Pair made intraday high at 1.0695 and low at 1.0613 marks.
Intraday bias remains bearish till the time pair holds immediate resistance at 1.0751 marks.
A sustained close above 1.0751 will drag the parity higher towards key resistances at 1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Alternatively, a consistent break below 1.0649 will take the parity down towards key supports around 1.0581, 1.0509, 1.0472, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
Australia’s September employment decreases to -9.8 k (forecast 15.0 k) vs previous -3.9 k.
Australia’s September unemployment rate stays flat at 5.6 % (forecast 5.7 %) vs previous 5.6 %.
Australia’s September full time employment decreases to -53 k vs previous 11.5 k.
Australia’s September participation rate decreases to 64.5 % (forecast 64.8 %) vs previous 64.7 %.
Australia’s August employment revised to -8.6k, from -3.9k.
