- AUD/NZD is trading around 1.1080 marks.
- Pair made intraday high at 1.1090 and low at 1.1052 marks.
- Intraday bias remains neutral till the time pair holds key support at 1.1062 marks.
- A daily close below 1.1062 will take the parity down towards 1.1016/ 1.0934 marks.
- On the other side, a sustained close above key resistance at 1.1123 will drag the parity up towards 1.1298/1.1352/1.1590 marks.
- Aussie will release employment change data within few minutes. Market anticipates employment to go up at 18.6K m/m vs 0.3K m/m previous release.
- On the other side unemployment rate likely to be at 5.9% m/m vs 5.8% m/m previous release.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
The material has been provided by InstaForex Company – www.instaforex.com