AUD/NZD bounces off 1.0730 support confluence after AU Unemployment rate’s surprise decline. A sustained break beyond 1.0785 can take aim at September high. With the market’s upbeat reaction to a 0.1% decline in Australia’s seasonally adjusted unemployment rate, AUD/NZD takes the bids to 1.0780 by the press time of early Thursday. Read: Australian Unemployment rate 0.1% lower and AUD rallies some 30 pips The pair now needs a successful break of multiple resistance-lines ranged from mid-September, around 1.0780/85 to aim for 1.0800 and September month high of 1.0852. Meanwhile, a downside break below 1.0730 support-joint including 200-bar Simple Moving Average (SMA) and 38.2% Fibonacci retracement of August-September rise could drag prices to the one-week-old ascending trend line of 1.0695. Also, pair’s declines below 1.0695 can well aim for 61.8% Fibonacci retracement level of 1.0650 and the 1.0630 support level. AUD/NZD 4-hour chart Trend: pullback expected 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 USD/JPY awaits fresh catalysts, likely stemming from Brexit developments FX Street 4 years AUD/NZD bounces off 1.0730 support confluence after AU Unemployment rate's surprise decline. A sustained break beyond 1.0785 can take aim at September high. With the market's upbeat reaction to a 0.1% decline in Australia's seasonally adjusted unemployment rate, AUD/NZD takes the bids to 1.0780 by the press time of early Thursday. Read: Australian Unemployment rate 0.1% lower and AUD rallies some 30 pips The pair now needs a successful break of multiple resistance-lines ranged from mid-September, around 1.0780/85 to aim for 1.0800 and September month high of 1.0852. Meanwhile, a downside break below 1.0730 support-joint including 200-bar Simple Moving Average… 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.
