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Forex: AUD/USD below 1.0200 ahead of a big day

FXstreet.com (Barcelona) - Once NZ unemployment rate has been released beating estimates showing the best unemployment level in 3 years, AUD/USD is last at 1.0191, off session highs at 1.0195 printed on the back of the Kiwi news. The pair bounces from session lows at 1.0160, ahead of key risk events for Aussie in the Asia-Pacific in the form of unemployment rate in Australia and China CPI both at 01:30 GMT.

According to Valeria Bednarik, Chief Analyst at Fxstreet.com: “the hourly chart shows indicators heading south below their midlines, and price standing below 20 SMA, while the 4 hours chart the outlook is still technically bearish: a break below 1.0150 should expose parity for the upcoming sessions,” the analyst notes.

Valeria finds support levels at: 1.0150, 1.0110 and 1.0080, while resistance levels at: 1.0220, 1.0260 and 1.0300.

Forex Flash: Volatile Australian jobs number set to continue - Westpac

Australia’s April employment data will be the highlight in Asia. According to Sean Callow, Westpac FX strategist, "the headline jobs change has been even more volatile than usual this year, with much debate over changing survey samples etc." After Feb’s +74K and Mar’s -36K, "consensus is for the seesaw to continue, with a headline +10K", Sean adds.
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Forex: AUD/JPY finishes slightly lower after narrow range day

The AUD/JPY closed the day down 14 pips at 100.67. It was a quiet day for the pair which traded in a range between 101.02 and 100.40. Later in the session we will see the Aussie Employment Change release which is due out at 1:30GMT. Given the recent RBA rate cut, volatility could pick up depending on how the number compares with estimates.
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