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FxWirePro: Kiwi falls in early hours of Asia as New Zealand’s job data fails to meet expectations

  • 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.
  • Market Data
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