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On June 10, Wang Yubo, Deputy Secretary of the Yunnan Provincial Party Committee and Governor of Yunnan Province, met with a delegation led by Vasanta Samarasinghe, Minister of Trade, Commerce, Food Security and Cooperation Development of Sri Lanka, who was in Yunnan to attend the 10th South Asia Expo and the 30th Kunming Trade Fair. Wang Yubo stated that Yunnan will earnestly implement the important consensus reached by the two heads of state, providing Sri Lanka with "three exemptions and three conveniences" support, jointly promoting bilateral trade, and strengthening cooperation in areas such as industrial development, cross-border e-commerce, transportation and logistics, science and technology, and cultural exchanges, contributing to the high-quality Belt and Road Initiative and the building of a China-Sri Lanka community with a shared future.On June 10, the Cyberspace Administration of China (CAC) convened a national conference on internet ecosystem governance in Beijing. The conference emphasized the need to clarify goals and tasks, focus on key priorities, and continuously improve the capacity for internet ecosystem governance. Efforts should be made to strengthen both short-term and long-term solutions, improve the effectiveness of special campaigns, refine long-term governance mechanisms, and ensure the implementation of institutional measures. Efforts should also be made to strengthen basic management, strictly control internet access points, key traffic entry points, and entry points for new business models and applications. Furthermore, efforts should be made to strengthen platform responsibility, enhance platform rule governance, improve account management efficiency, strengthen platform operation management, and regulate and manage minors internet use. Finally, efforts should be made to strengthen technological empowerment, promote the development of emerging technologies while mitigating their drawbacks, enrich technological means in line with the times, and proactively plan for the positive application of technology.On June 10, Russian Foreign Ministry spokeswoman Maria Zakharova stated at a regular press conference that Russia will respond effectively and firmly to the new round of EU sanctions. Zakharova also expressed deep concern about the renewed escalation of the situation in the Middle East and called on all parties to exercise restraint. Russia hopes that all parties to the conflict will return to a political and diplomatic solution as soon as possible.It is reported that Israel is preparing to launch another strike against Iran.US President Trump: Iran cannot pay its military pay or any bills and is rapidly becoming a failing state!

AUD/NZD Price Analysis: Bulls Surpass 1.0790 Resistance Confluence Due To Positive Australian Employment Report

Alina Haynes

Apr 13, 2023 14:19

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AUD/NZD supporters are approaching their highest levels since early March as a result of a four-day uptrend following Thursday morning's release of robust Australian employment data. At the time of publication, the currency pair is accepting bids to reestablish the multi-day high near 1.0810.

 

The Australia Bureau of Statistics (ABS) reported for the month of March that Employment Change increased by 53K compared to 20K expected and 64.6K previously, while the Unemployment Rate remained unchanged at 3.6% compared to expectations of 3.6%. In addition, the Participation Rate rose to 66.7%, exceeding the 66.7% predicted by the market.

 

The AUD/NZD pair surpassed the previous critical resistance confluence surrounding 1.0790, which was comprised of the 100-day moving average (DMA) and a one-month-old downward trend line.

 

The bullish MACD signals and stronger, non-overbought RSI (14) line contribute to the strength of the upside bias.

 

The AUD/NZD bulls are currently positioned to test the 50-day moving average of 1.0824. However, the preceding monthly apex of about 1.0895 and the round number 1.0900 may limit future gains.

 

Alternately, retracement remains elusive until the AUD/NZD pair remains above the support-turned-resistance level of 1.0790.

 

Then, a breach of the upward-sloping trend line from March 5 and the 61.8% Fibonacci retracement level of the pair's run-up from December 2022 to February 2023, located near 1.0705, could give the bears room to maneuver in their subsequent analysis.