AUD/NZD is on bids around 1.0340 during early Asian sessions on Thursday. The quote recently bounced off 1.0297 low as eight-year low of 4.9% Australian unemployment rate grabbed more market attention than softer employment change figure of 4.6K versus 14.0K expected and 39.1K prior. While oversold levels of 14-bar relative strength index (RSI) and upbeat jobs report helped the pair to reverse from day’s low, three-week long descending resistance-line and mid-February lows can confine latest advances around 1.0365/70. Given the price rise beyond 1.0370, 38.2% Fibonacci retracement of February – March declines, at 1.0390, followed by 1.0400, could please buyers. Additionally, the pair’s successful trading above 1.0400 can further escalate the recovery towards 61.8% Fibonacci retracement level near 1.0450. Alternatively, pair’s slip under 1.0297 may need to clear early-month low around 1.0290 in order to aim for 61.8% Fibonacci expansion (FE) level of 1.0250. Also, September 2016 bottom around 1.0230 and mid-April 2015 support near 1.0220 can flash on bears’ radar past-1.0250. AUD/NZD 4-Hour chart 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 PBOC sets yuan reference rate at 6.6850 FX Street 4 years AUD/NZD is on bids around 1.0340 during early Asian sessions on Thursday. The quote recently bounced off 1.0297 low as eight-year low of 4.9% Australian unemployment rate grabbed more market attention than softer employment change figure of 4.6K versus 14.0K expected and 39.1K prior. While oversold levels of 14-bar relative strength index (RSI) and upbeat jobs report helped the pair to reverse from day's low, three-week long descending resistance-line and mid-February lows can confine latest advances around 1.0365/70. Given the price rise beyond 1.0370, 38.2% Fibonacci retracement of February - March declines, at 1.0390, followed by 1.0400, could please buyers.… Regulated 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.
