10 Apr 2014
AUD/NZD awaits key Australian jobs data
FXStreet (Guatemala) - Currently, AUD/NZD is trading at 1.0743, down -0.27% on the day, having posted a daily high at 1.0784 and low at 1.0736.
AUD/NZD is awaiting the key data releases from Australia that are approaching upon the market within the hour. The key release will be the jobs data. Ivan Delgado>, Head of Asian Editors explained, “For this month, expectations are low with the jobless rate expected at 6.1%, up 0.1% from February, with only between 2.5-5k jobs created. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish. On the hourly AUD/NZD chart, ATR (14) is presently at 16 pips, while 2-Standard Deviation Volatility Bandwidth is expanding and currently 72 pips.
AUD/NZD Levels
Current price is 1.0744, with resistance ahead at 1.0754 (Daily Classic S1), 1.0755 (Hourly 200 SMA), 1.0755 (Yesterday's Low), 1.0758 (Weekly Classic PP) and 1.0767 (Daily Open). Next support to the downside can be found at 1.0736 (Daily Low), 1.0720 (Daily 20 SMA), 1.0720 (Daily Classic S2), 1.0695 (Daily Classic S3) and 1.0682 (Weekly Classic S1).
AUD/NZD is awaiting the key data releases from Australia that are approaching upon the market within the hour. The key release will be the jobs data. Ivan Delgado>, Head of Asian Editors explained, “For this month, expectations are low with the jobless rate expected at 6.1%, up 0.1% from February, with only between 2.5-5k jobs created. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish. On the hourly AUD/NZD chart, ATR (14) is presently at 16 pips, while 2-Standard Deviation Volatility Bandwidth is expanding and currently 72 pips.
AUD/NZD Levels
Current price is 1.0744, with resistance ahead at 1.0754 (Daily Classic S1), 1.0755 (Hourly 200 SMA), 1.0755 (Yesterday's Low), 1.0758 (Weekly Classic PP) and 1.0767 (Daily Open). Next support to the downside can be found at 1.0736 (Daily Low), 1.0720 (Daily 20 SMA), 1.0720 (Daily Classic S2), 1.0695 (Daily Classic S3) and 1.0682 (Weekly Classic S1).