• FxWirePro: Aussie strengthens against major peers on robust employment data

    Source: FxWire Pro - Technicals / 18 Jul 2018 22:02:54   America/New_York

    • AUD/NZD is currently trading around 1.0934 marks.
       
    • Pair made intraday high at 1.0938 and low at 1.0879 marks.
       
    • Intraday bias remains bullish till the time pair holds key support at 1.0860 mark.
       
    • A sustained close above 1.0891 will drag the parity higher towards key resistances at 1.0952/1.1020/1.1072/1.1122/1.1180 levels respectively.
       
    • Alternatively, a daily close below 1.0891 will take the parity down towards key supports around 1.0782/1.0658/1.0572/1.0502  marks respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
       
    • Australia June employment +50.9k s/adj (poll +17k).
       
    • Australia June unemployment rate +5.4 pct, s/adj (poll 5.4 pct).
       
    • Australia May employment revised to +13.5k, from +12k.
       
    • Australia's S&P/ASX 200 index up 0.04 pct at 6,247.70 points in early trade.
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