- AUD/NZD is trading around 1.1145 marks.
- Pair made intraday high at 1.1151 and low at 1.1052 marks.
- Aussie gains sharply after better than expected Australia’s employment data.
- A net 26,100 jobs were added to the economy in March, the biggest rise in 2016 and stronger than the market forecast of 18,000.
- In addition, the unemployment rate falls from 5.8% in February to 5.7% last month, the lowest since October 2013.
- Intraday bias remains bullish 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.
We prefer to take long position in AUD/NZD only above 1.1123, stop loss 1.1062 and target 1.1298/1.1357 levels.
The material has been provided by InstaForex Company – www.instaforex.com