EUR/USD 1.13694
-0.063%
Gold 4053.64
0.107%
Oil 88.544
-2.783%
USD/JPY 163.848
-0.004%
GBP/USD 1.33208
0.055%
GBP/JPY 218.264
0.066%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On July 25th, Austrian Minister for Europe, Integration and Family Affairs, Claudia Bauer, stated in an interview that she opposes a "fast track" for Ukraines EU accession, arguing that Ukraines accession must follow normal procedures. Bauer stated that Ukraines agricultural structure differs significantly from that of existing EU member states, and its accession would have a major impact on the EU, thus requiring careful consideration. She also stated that all countries applying for EU membership should follow the same rules and meet the accession requirements through reforms and practical performance.Emergency services say the Russian attack on Komme, Ukraine, has killed three people.According to Al Jazeera: Israeli forces launched a raid on Tubas in the West Bank. Israeli soldiers drove numerous military vehicles into the city, and infantry units were deployed across several city blocks, conducting large-scale searches of residential areas. Israeli forces withdrew from the city after nearly three hours; no arrests have been reported so far.On July 25th, Dalian City introduced a new policy of temporary interest subsidies for housing provident fund loans. For second-home housing provident fund loans approved between July 24, 2026, and December 31, 2027, a subsidy of up to 15% of the actual interest will be provided for a maximum period of three years, specifically to reduce the repayment pressure on those seeking to upgrade their homes. Nationwide, nearly 90 cities have successively introduced various housing subsidies and loan burden reduction measures this year, continuously enriching the toolbox of local policies to stabilize the housing market. However, Dalians approach of providing financial subsidies for second-home housing provident fund loans is a relatively rare exploration in recent times.Russian Ministry of Defense: Russian air defense systems shot down 328 Ukrainian drones overnight.

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

Alina Haynes

Apr 13, 2023 14:19

 AUD:NZD.png

 

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.


Suggestion