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The Dow Jones Industrial Average opened 46.84 points higher, or 0.09%, at 51,608.77 on Friday, June 5; the S&P 500 opened 50.33 points lower, or 0.66%, at 7,533.98; and the Nasdaq Composite opened 313.02 points lower, or 1.17%, at 26,517.94.June 5th - US stocks opened with the Dow Jones Industrial Average up 0.1%, the S&P 500 down 0.6%, and the Nasdaq down 1.2%. Most chip stocks declined, with Arm (ARM.O) falling over 5%, Micron Technology (MU.O) down over 4%, Marvell Technology (MRVL.O) down 6%, and Intel (INTC.O) down over 5%. Lululemon (LULU.O) fell over 10% after its earnings release.On June 5, 2026, witnessed by the top leaders of the two parties and countries of China and Laos, Zheng Shanjie, Director of the National Development and Reform Commission of the Peoples Republic of China, and Santhiphan Phomvihane, Deputy Prime Minister of Laos, Minister of Finance, and Chairman of the Lao-China Cooperation Committee, signed a Memorandum of Understanding between the National Development and Reform Commission of the Peoples Republic of China and the Lao-China Cooperation Committee of the Lao Peoples Democratic Republic on promoting cooperation in the development of green industries. The two sides will further strengthen exchanges and cooperation in areas such as energy conservation and carbon reduction industries, environmental protection industries, resource recycling industries, green and low-carbon energy transformation, green upgrading of infrastructure, ecological protection, restoration and utilization, and green services.Institutional analysts commented on the US non-farm payrolls: The market now believes there is nearly a 70% chance that the Federal Reserve will raise interest rates at its meeting on October 28. Imagine how Trump would react if Warsh announced a rate hike before the midterm elections.On June 5, the U.S. military issued a statement saying it had intercepted and boarded the stateless vessel "Davina" in the Indian Ocean. The statement implied that the ship was providing logistical support to Iran.

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.


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