Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Aussie falls against major peers as employment data misses expectations

  • AUD/NZD is currently trading around 1.0726 marks.
     
  • Pair made intraday high at 1.0762 and low at 1.0721 marks.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0762 mark.
     
  • A sustained close above 1.0742 will drag the parity higher towards key resistances at 1.0802/1.0945/1.1072/1.1113 levels respectively.
     
  • Alternatively, a daily close below 1.0742 will take the parity down towards key supports around 1.0689/1.0550/1.0443/1.0380/1.0305 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • Australia Feb employment increase to 17.5 k (forecast 20 k) vs previous 12.5 k.
     
  • Australia Feb unemployment rate increase to 5.6 % (forecast 5.5 %) vs previous 5.5 %.
     
  • Australia's S&P/ASX 200 index down 0.43 pct at 5,925.00 points in early trade.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.