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FXstreet.com (Barcelona) - Once NZ unemployment rate has been released beating estimates showing the best unemployment level in 3 years, AUD/USD is last at 1.0191, off session highs at 1.0195 printed on the back of the Kiwi news. The pair bounces from session lows at 1.0160, ahead of key risk events for Aussie in the Asia-Pacific in the form of unemployment rate in Australia and China CPI both at 01:30 GMT.
According to Valeria Bednarik, Chief Analyst at Fxstreet.com: “the hourly chart shows indicators heading south below their midlines, and price standing below 20 SMA, while the 4 hours chart the outlook is still technically bearish: a break below 1.0150 should expose parity for the upcoming sessions,” the analyst notes.
Valeria finds support levels at: 1.0150, 1.0110 and 1.0080, while resistance levels at: 1.0220, 1.0260 and 1.0300.