FxWirePro: Go Long on AUD/NZD Above 1.1123 With Stop Loss at 1.1060 and Target at 1.1357

FxWirePro: Go Long on AUD/NZD Above 1.1123 With Stop Loss at 1.1060 and Target at 1.1357

• AUD/NZD is trading around 1.1145 marks. 
• Pair made intraday high at 1.1151 and low at 1.1052 marks. 
• Aussie gains sharply after better than expected Australia’s employment data. 
• A net 26,100 jobs were added to the economy in March, the biggest rise in 2016 and stronger than the market forecast of 18,000. 
• In addition, the unemployment rate falls from 5.8% in February to 5.7% last month, the lowest since October 2013.
• Intraday bias remains bullish till the time pair holds key support at 1.1062 marks. 
• A daily close below 1.1062 will take the parity down towards 1.1016/ 1.0934 marks. 
• On the other side, a sustained close above key resistance at 1.1123 will drag the parity up towards 1.1298/1.1352/1.1590 marks.
  

We prefer to take long position in AUD/NZD only above 1.1123, stop loss 1.1062 and target 1.1298/1.1357 levels.

The material has been provided by InstaForex Company - www.instaforex.com