• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. Southern Command: Operation kills two drug trafficker terrorists.U.S. Southern Command: A deadly strike was carried out against a low-observable vessel operating on a pre-established drug smuggling route in the Eastern Pacific.On August 24th, a survey released on the 23rd by the Angus Reed Institute, a Canadian polling organization, showed that over 70% of Canadians support the governments withdrawal from Canada-US trade negotiations. The survey indicated that 76% of respondents supported the Canadian governments position. Even among supporters of the opposition Conservative Party, 53% believed the governments withdrawal was correct and that a "bad" agreement should not be accepted. Furthermore, regarding the Canadian governments proposal to impose retaliatory tariffs on the US on September 8th, approximately 62% of respondents believed this move was appropriate under the current circumstances. The survey also showed that regarding the potential employment crisis caused by the Canada-US trade war, about 13% of employed respondents expressed "great concern" about losing their jobs, while another 25% expressed varying degrees of concern. Industry experts previously predicted that a complete breakdown in Canada-US trade negotiations could lead to a 0.4% reduction in Canadas GDP and a loss of 90,000 jobs.August 24th - Recently, affected by Typhoon Zitan (No. 19 of this year), many areas in Chongzuo and Fangchenggang in Guangxi Zhuang Autonomous Region have experienced continuous heavy rainfall, resulting in severe flooding. On August 24th, the National Disaster Prevention, Reduction and Relief Commission and the Ministry of Emergency Management activated a Level IV national emergency response. Based on the "National Natural Disaster Relief Emergency Plan" and the disaster losses in Guangxi Zhuang Autonomous Region, the National Development and Reform Commission has urgently allocated 50 million yuan from the central budget to support Guangxi in post-typhoon and flood disaster emergency recovery efforts. This funding will primarily be used for the emergency reconstruction of damaged roads, water conservancy infrastructure, and public service facilities such as schools and hospitals in the disaster area, promoting the rapid restoration of normal production and living order.August 24th - According to a new research report released by Counterpoint Research, the global smartphone market is projected to decline by 14.3% year-on-year in 2026, hampered by factors such as rising component costs, reduced supply of low-priced devices, and declining consumer purchasing power. The global smartphone market is expected to continue facing challenges in 2027, with shipments projected to decline by a further 1.4%, but a strong recovery is expected to begin in 2028, with shipments projected to grow by approximately 4.8%.

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.