AUD/NZD fails to hold gains earned through Australian employment data. The reason could be spotted from the period of data collection. The pair stays positive above 200-day SMA, 61.8% Fibonacci retracement. Upbeat Aussie employment data fail to keep AUD/NZD buyers happy for long as the pair drops to 1.0540 after marking a brief uptick to 1.0565 on the data release during early Thursday. Read: Breaking: Aussie jobs data better than expected, but the caveat is … Even so, the pair remains above 200-day SMA, not to forget its trading beyond 61.8% Fibonacci retracement of its fall from November 2019 to March 2020. As a result, buyers remain hopeful to challenge the yearly high surrounding 1.0590 while targeting late-November 2019 top close to 1.0710 during the further upside. Alternatively, a daily close below 200-day SMA level of 1.0508 could drag the quote to 50% Fibonacci retracement near March 25 high of 1.0400. AUD/NZD daily chart Trend: Bullish FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI Price Analysis: Up 3% in Asia, Wednesday’s 18-year low not confirmed by daily RSI FX Street 2 years AUD/NZD fails to hold gains earned through Australian employment data. The reason could be spotted from the period of data collection. The pair stays positive above 200-day SMA, 61.8% Fibonacci retracement. Upbeat Aussie employment data fail to keep AUD/NZD buyers happy for long as the pair drops to 1.0540 after marking a brief uptick to 1.0565 on the data release during early Thursday. Read: Breaking: Aussie jobs data better than expected, but the caveat is ... Even so, the pair remains above 200-day SMA, not to forget its trading beyond 61.8% Fibonacci retracement of its fall from November 2019 to March… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
