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Aussie trades marginally lower against Kiwi after employment data

Aussie trades marginally lower against Kiwi after employment data

  • AUD/NZD is currently trading around 1.0747 marks.
  • Pair made intraday high at 1.0760 and low at 1.0717 marks.
  • Intraday bias remains neutral till the time pair holds key support at 1.0715 mark.
  • A sustained close above 1.0756 will drag the parity higher towards key resistances at 1.0820/1.0945/1.1072/1.1113/1.1163/1.1238/1.1289/1.1384 levels respectively.
  • Alternatively, a daily close below 1.0756 will take the parity down towards key supports around 1.0693, 1.0648, 1.0550 and 1.0443 marks respectively.
  • Australia Jan employment decrease to 16 k (forecast 15 k) vs previous 34.7 k.
  • Australia Jan unemployment rate stays flat at 5.5 % (forecast 5.5 %) vs previous 5.5 %.
  • Australia’s S&P/ASX 200 index up 0.84 pct at 5,890.20 points in early trade.

Source: FXWire Technicals

 

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