- AUD/NZD is currently trading around 1.0687 marks.
- Pair made intraday high at 1.0708 and low at 1.0665 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 1.0742 mark.
- A sustained close above 1.0699 will drag the parity higher towards key resistances at 1.0742/1.0802/1.0945/1.1072 levels respectively.
- Alternatively, a daily close below 1.0675 will take the parity down towards key supports around 1.0620/1.0572/1.0506/1.0443/1.0380/1.0305 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- New Zealand Q1 HLFS unemployment rate decrease to 4.4 % (forecast 4.5 %) vs previous 4.5 %.
- New Zealand Q1 HLFS job growth qq increase to 0.6 % (forecast 0.4 %) vs previous 0.5 %.
- New zealand Q1 labour cost index - yy stays flat at 1.9 % (forecast 2 %) vs previous 1.9 %.
- New Zealand Q1 HLFS participation rate decrease to 70.8 % (forecast 70.9 %) vs previous 71 %.
- New Zealand Q1 labour cost index - qq decrease to 0.3 % (forecast 0.4 %) vs previous 0.4 %.
- Fitch affirms Australia at 'AAA'; outlook stable.
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