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FxWirePro: Aussie strengthens against major peers on robust employment data

  • AUD/NZD is currently trading around 1.0431 marks.
     
  • Pair made intraday high at 1.0446 and low at 1.0399 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0400 marks.
     
  • A sustained close above 1.0400 will drag the parity higher towards key resistances around 1.0455, 1.0526, 1.06, 1.0654, 1.0743, 1.0804, 1.0882, 1.0951 and 1.1145 levels respectively.
     
  • Alternatively, a daily close below 1.0400 will take the parity down towards key supports around 1.0339/1.0264/1.0222 marks respectively.
     
  • Kiwi’s GDP q/q stands at 0.7 vs 0.1 previous release (expected 0.5).
     
  • Kiwi’s trade balance stands at -753M vs -1039M previous release (expected -700M).
     
  • Australia’s employment change stands at 39.9K vs -24.8K previous release (expected 14.5K).
     
  • Australia’s unemployment rate stands at 5.2 pct vs 5.3 pct previous release.
     
  • Australia’s S&P/ASX 200 was trading 0.02 pct lower at 6,850.40 points.
  • Market Data
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