FxWirePro: Aussie falls against major peers after lower than expected employment data
Thursday, October 20, 2016 12:56 AM UTC
- 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 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.