AUD is catching a bid on the back of.........>

AUSSIE: AUD is catching a bid on the back of domestic labour mkt report, which

revealed that Australian unemployment declined to 4.9% from the prev. 5.0% in

February, vs. exp. of no change. Worth noting participation rate ticked lower,

while employment change printed at +4.6k vs. exp. of +15.0k.

- AUD/USD last trades at $0.7160, 44 pips better off. Bullish focus turns to the

nearby 100-DMA/1.0% 10-DMA envelope at $0.7161/62, ahead of the cloud top at

$0.7172. Bears look for a return below the 55-DMA/50-DMA at $0.7135/33.

- AUD/JPY last trades at Y79.26, 48 pips higher on the day, with a broader

risk-on feel observable in the G10 FX space. Initial resistance noted at Y79.66,

which represents the 100-DMA, ahead of the Feb 21 high of Y79.82. Meanwhile,

bears eye the 21-DMA at Y78.96.

- AUD/NZD last seen at NZ$1.0333, 6 pips worse off, as the rate pared most of

earlier losses registered on the back of a solid NZ Q4 GDP print. Bulls look for

a breach of the intraday high of NZ$1.0363 before challenging the 21-DMA at

NZ$1.0381. Conversely, bears target the Mar 13 low of NZ$1.0294, the lowest

post-Jan 3 flash crash level.