A strong Australian labour mkt data..........>

AUSSIE: A strong Australian labour mkt data release put a bid into AUD. 39.1K

jobs were added vs. the BBG consensus of 15.0K, with the gains coming solely

from full-time roles, as part time employment fell (revisions were a negative at

the margin). The strong headline print managed to counter a marginal uptick in

the participation rate, allowing the unemployment rate to hold steady at 5.0%.

- AUD/USD last $0.7200, 35 pips higher on the day. After the rate breached the

1.0% 10-DMA envelope, bulls need consolidation above $0.7200 before challenging

the 200-DMA at $0.7266. Bears look for a break below the 100-DMA at $0.7162.

- AUD/JPY has added 33 pips and last sits at Y79.75. The rate has broken above

the 1.0% 10-DMA envelope, but the 100-DMA at Y79.86 remains in play. A breach of

the latter level would bring the Y80.00 mark into focus. Conversely, bears

continue to look to yesterday's low, located at Y79.13.

- AUD/NZD last NZ$1.0480, 32 pips better off on the day. The pair has managed to

jump above its 21-DMA and bulls now target NZ$1.0510/11, which represents the

55-DMA/50-DMA, ahead of the Feb 13/12 high of NZ$1.0544/46. On the downside, the

initial support is now located at the aforementioned 21-DMA at NZ$1.0475.