EUR/USD 1.14859
0.096%
Gold 4376.53
0.805%
Oil 95.469
-1.085%
USD/JPY 156.726
0.486%
GBP/USD 1.33935
0.269%
GBP/JPY 209.919
0.759%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 20th, it was reported that on the evening of September 19th local time, Mohsen Rezaei, Secretary of Irans Supreme National Security Council, stated that Iran had presented the US government with seven conditions necessary to initiate any negotiations. Irans message was clear: "If the US wishes to extricate itself from the predicament it created and avoid becoming increasingly entangled, it has no other option but to accept Irans conditions." In an interview that day, Rezaei confirmed that Qatar, as a mediator, had conveyed Irans negotiating conditions to the US and was awaiting a response from US President Trump. Rezaei said that Irans proposed negotiating conditions included the US ending all hostilities against Iran, unfreezing frozen Iranian assets, and ending the naval blockade.Sources say the settlement talks between Paramount (PSKY.O) include a commitment to remain in California.On September 20th, Turkish Foreign Minister Fedan Hamdan stated on the 19th that Turkey will uphold its commitments under the Mecca Mutual Defense Agreement in response to the recent attacks on Saudi Arabia and may provide military-technical assistance. Speaking on Turkish NTV television, Fedan said that the signatory countries are closely monitoring the Houthi attacks on Saudi Arabia in Yemen. He said, "We are united on this issue. The agreement contains relevant provisions, and we will honor our commitments." He specifically condemned the attacks on oil infrastructure. Fedan indicated that Saudi Arabias needs for assistance may focus on certain technical aspects, which Turkey will be able to meet. Fedan also refuted claims that the Mecca Mutual Defense Agreement is progressing slowly, stating that the agreement is transformative and open to all countries in the region.Australian Prime Minister Albanese: Met with Apple Executive Chairman Tim Cook at Apple (AAPL.O) headquarters to discuss how to protect children from online harm.The Jordanian Foreign Ministry condemned the Houthi rebels for launching a ballistic missile at the Saudi capital, Riyadh.

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