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AUD/NZD on the bid and solid despite the crowed

FXStreet (Guatemala) - AUD/NZD is trading at 1.1153, up 0.43% on the day, having posted a daily high at 1.1162 and low at 1.1102.

Despite failing else where on the back of the poor revisions to Australia’s jobs data in September, AUD/NZD remains on the front foot over a volatile phase on the releases of the jobs numbers. The Employment Change and headline number was 24.1K vs 10k expected. Full Time Employment Change was 33.4K and the Part Time Employment Change was -9.4K in Oct vs 21.6K and -51.3K in Sep. The Labor Force Participation Rate was 64.6% in Oct vs 64.5% expected and 64.5% in Sep.

AUD/NZD has been soft since the break of the 1.1160 support that lead to price action sub 1.11 handle. With a weak bounce and small building drift to 1.1120 and a phases of consolidation there ahead of the jobs data, the pair now oscillates back through the mid point of the handle where it meets resistance.

AUD/NZD noteworthy levels

Current price is 1.1154, with resistance ahead at 1.1162 (Daily High), 1.1169 (Daily 20 SMA), 1.1186 (Weekly Classic S1), 1.1207 (Daily Classic
R1) and 1.1209 (Hourly 200 SMA). Next support to the downside can be found at 1.1150 (Daily Classic PP), 1.1138 (Hourly 20 EMA) and 1.1102 (Daily Low).

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