FxWirePro: Kiwi trades marginally lower in early Asia as employment data misses expectations
Thursday, February 7, 2019 1:22 AM UTC
- AUD/NZD is currently trading around 1.0502 marks.
- Pair made intraday high at 1.0510 and low at 1.0480 marks.
- Intraday bias remains slightly bullish for the moment.
- A sustained close above 1.0511 will drag the parity higher towards key resistances around 1.0540/1.0570/1.0590/1.0634/1.0712 levels respectively.
- Alternatively, a daily close below 1.0463 will take the parity down towards key supports around 1.0432/1.0365/1.0333/1.0237 marks respectively.
- New Zealand Q4 2018 job growth qq decrease to 0.1 % (forecast 0.3 %) vs previous 1.1 %.
- New Zealand Q4 2018 unemployment rate increase to 4.3 % (forecast 4.1 %) vs previous 3.9 %.
- New Zealand Q4 2018 labour cost index - qq stays flat at 0.5 % (forecast 0.6 %) vs previous 0.5 %.