• AUD/NZD is currently trading around 1.0769 marks.
   
• Pair made intraday high at 1.0792 and low at 1.0762 marks.
   
• Intraday bias remains bearish till the time pair holds key resistance at 1.0850 mark.
   
• A sustained close above 1.0786 will drag the parity higher towards key resistances at 1.0850/1.0927/1.0998/1.1072/1.1122 levels respectively.
   
• Alternatively, a daily close below 1.0786 will take the parity down towards key supports around 1.0736/1.0620/1.0572 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
   
• Australia May employment decrease to 12 k (forecast 18 k) vs previous 22.6 k.
   
• Australia May unemployment rate decrease to 5.4 % (forecast 5.5 %) vs previous 5.6 %.
   
• Australia May full time employment decrease to -20.6 k vs previous 32.7 k.
   
• Australia May participation rate decrease to 65.5 % (forecast 65.6 %) vs previous 65.6 %.