FxWirePro: Aussie depreciates noticeably against major peers after employment data
Thursday, May 16, 2019 2:02 AM UTC
- AUD/NZD is currently trading around 1.0540 marks.
- Pair made intraday high at 1.0563 and low at 1.0522 marks.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0585 mark.
- A sustained close above 1.0553 will drag the parity higher towards key resistances around 1.0650, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
- Alternatively, a daily close below 1.0553 will take the parity down towards key supports around 1.0522/1.0449/1.0364/1.0275/1.0237/1.0192 marks respectively.
- Australia April 2019 employment increase to 28.4 person (forecast 14 person) vs previus 25.7 person.
- Australia April 2019 unemployment rate increase to 5.2 % (forecast 5.1 %) vs previus 5 %.