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FxWirePro: Aussie depreciates against major peers as employment change data misses expectations

  • AUD/NZD is currently trading around 1.0633 marks.
     
  • Pair made intraday high at 1.0668 and low at 1.0627 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.0677 marks.
     
  • A sustained close above 1.0677 will drag the parity higher towards key resistances around 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
     
  • Alternatively, a daily close below 1.0677 will take the parity down towards key supports around 1.0560/1.0518/1.0407/1.0339 marks respectively.
     
  • Aussie’s employment change stands at -19.0 pct vs 12.5 pct previous release (expected 16.2 pct).
     
  • Aussie’s unemployment rate stands at 45.3 pct vs 5.2 pct previous release (expected 5.2).
     
  • Australia’s S&P/ASX 200 was trading 0.37 pct higher at 6,722.90 points.
By Aarti Panchal
  • Market Data
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