FxWirePro: Kiwi strengthens in early Asia on robust job data
Wednesday, November 7, 2018 1:10 AM UTC
- AUD/NZD is currently trading around 1.0730 marks.
- Pair made intraday high at 1.0753 and low at 1.0722 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.0798 mark.
- A sustained close above 1.0747 will drag the parity higher towards key resistances around 1.0798/1.0877/1.0955/1.1002/1.1058/1.1175/1.1268/1.1422/1.1526 levels respectively.
- Alternatively, a daily close below 1.0747 will take the parity down towards key supports around 1.0658/1.0572/1.0502 marks respectively.
- New Zealand Q3 2018 unemployment rate decrease to 3.9 % (forecast 4.5 %) vs previous 4.5 %.
- New Zealand Q3 2018 job growth qq increase to 1.1 % (forecast 0.5 %) vs previous 0.5 %.