FxWirePro: Kiwi falls in early hours of Asia as New Zealand’s job data fails to meet expectations
Wednesday, February 1, 2017 1:06 AM UTC
- AUD/NZD is currently trading around 1.0387 marks.
- Pair made intraday high at 1.0408 and low at 1.0370 marks.
- Intraday bias remains bullish till the time pair holds immediate support at 1.0354 marks.
- A consistent close below 1.0354 will take the parity down towards key supports around 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
- On the other side, a sustained close above 1.0370 will drag the parity higher towards key resistances at 1.0417/1.0470/1.0532/1.0587/1.0618/1.0655/1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) levels respectively.
- New Zealand Q4 s/adj unemployment rate 5.2 pct.
- New Zealand Q4 s/adj employment rate +0.8 pct.
- New Zealand Q4 participation rate 70.5 pct.