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FxWirePro: Aussie trades marginally higher after employment data

  • AUD/NZD is currently trading around 1.1072 marks.
     
  • Pair made intraday high at 1.1083 and low at 1.1017 marks.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 1.1033 mark.
     
  • A sustained close above 1.1033 will drag the parity higher towards key resistances at 1.1105/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.1033 will take the parity down towards key supports around 1.1010, 1.0989, 1.0930, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • Australia Oct employment decrease to 3.7 k (forecast 17.5 k) vs previous 26.6 k (revised from 19.8 k).
     
  • Australia Oct unemployment rate decrease to 5.4 % (forecast 5.5 %) vs previous 5.5 %.
     
  • Australia's S&P/ASX 200 index down 0.12 pct at 5,927.20 points in early trade.

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