FxWirePro: Aussie strengthens against major peers on robust employment data
Thursday, December 19, 2019 1:29 AM UTC
- 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.