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FxWirePro: Kiwi trades marginally lower in early Asia as employment data misses expectations

  • 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 %.
  • Market Data
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