FxWirePro: Aussie appreciates against major peers on robust employment change data
Thursday, March 19, 2020 2:07 AM UTC
- AUD/NZD is currently trading around 1.0140 marks.
- Pair made intraday high at 1.0161 and low at 1.0050 marks.
- Intraday bias remains bullish for the moment.
- A sustained close above 1.0100 will drag the parity higher towards key resistances around 1.0238, 1.0341, 1.0532, 1.06, 1.0654 and 1.0743 mark respectively.
- Alternatively, a daily close below 1.0052 will drag the parity lower towards key supports around 1.0020/0.9950/0.9824/0.97 marks respectively.
- Australia’s employment change stands at 26.7K vs 12.9K previous release (expected 8.5K).
- Australia’s unemployment rate stands at 5.1 pct vs 5.3 pct previous release (expected 5.3 pct).
- NZ’s GDP q/q stands at 0.5 pct vs 0.8 pct previous release (expected 0.5 pct).
- Australia’s S&P/ASX 200 was trading 1.09 pct lower at 4,899.10 points.