FxWirePro: Kiwi gains against major peers on robust job data
AUD/NZD is currently trading around 1.0607 marks. Pair made intraday high at 1.0658 and low at 1.0593 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 1.0664 marks. A sustained close …
Pair made intraday high at 1.0658 and low at 1.0593 marks.
Intraday bias remains bearish till the time pair holds immediate resistance at 1.0664 marks.
A sustained close above 1.0664 will drag the parity higher towards key resistances at 1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
Alternatively, a consistent close below 1.0593 will take the parity down towards key supports around 1.0509, 1.0472, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
New Zealand Q3 s/adj unemployment rate 4.9 pct.
New Zealand Q3 s/adj employment rate +1.4 pct.
New Zealand Q3 participation rate 70.1 pct.
New Zealand Q3 LCI private sector wages (ex-o'time) +0.4 pct on previous qtr (Reuters poll +0.5 pct).
New Zealand Q3 LCI private sector wages (ex-o'time) +1.6 pct on year ago (Reuters poll +1.8 pct).
