EUR/USD 1.15309
0.026%
Gold 4050.88
-1.284%
Oil 83.139
0.594%
USD/JPY 159.176
-0.208%
GBP/USD 1.34761
0.081%
GBP/JPY 214.510
-0.118%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 2nd - On August 1st local time, the Turkish Ministry of Energy and Natural Resources announced that the Turkish National Oil Pipeline Company (BOTAŞ) and two Iraqi oil companies had officially signed a one-year crude oil transportation agreement. According to the agreement, Turkey and Iraq will efficiently utilize the oil pipeline, with a daily transport capacity of 750,000 barrels allocated to Iraq. Turkey stated that the pipelines total designed daily capacity is 1.5 million barrels. Previously, during a visit to Turkey, Iraqi Prime Minister Zaidi stated that Turkey would supply 1 million barrels of oil per day.According to Saudi media alhadath, Jordan has expressed its expectation that Iraq will take measures to restrict the activities of militias.Market news: The U.S. air force base in Bahrain is evacuating due to anticipated escalation of tensions in the region.August 1st - The Italian Civil Protection Department announced on August 1st that, as of now, the earthquake that struck near Naples in southern Italy on the evening of July 31st has injured 26 people. According to the Italian newspaper Corriere della Sera, a magnitude 4.7 earthquake struck the Camp Freigé area near Naples at 7:46 PM local time on July 31st. From then until the morning of August 1st, more than 170 earthquakes occurred. The Civil Protection Department stated that in addition to causing the collapse of some uninhabited buildings, the earthquake also damaged many other structures, forcing approximately 300 people to evacuate their homes. Currently, firefighters and technicians are continuing to conduct building safety inspections, and the possibility of further evacuations cannot be ruled out.Security and refinery sources: The fire at the refinery in southwestern Erbil, Iraq, has been extinguished and production is gradually resuming.

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