Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Aussie strengthens remarkably against major peers after employment data

  • AUD/NZD is currently trading around 1.0422 marks.
     
  • Pair made intraday high at 1.0430 and low at 1.0371 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 1.0380 marks.
     
  • A sustained close above 1.0430 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 1.0380 will take the parity down towards key supports around 1.0326/1.0264/1.0222/1.0178 marks respectively.
     
  • Australia’s employment change stands at 28.9K vs 38.5K previous release (expected 12.2K).
     
  • Australia’s unemployment rate stands at 5.1 pct vs 5.2 pct previous release (expected 5.2 pct).
     
  • Australia’s S&P/ASX 200 was trading 0.65 pct lower at 7,086.40 points.
  • Market Data
Close

Welcome to EconoTimes

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