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FxWirePro: Kiwi remains volatile in early Asia after employment change data

AUD/NZD is currently trading around 1.0389 marks. Pair made intraday high at 1.0389 and low at 1.0366 marks. Intraday bias remains neutral till the time pair holds key resistance at 1.0400 marks. A sustained close above …

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FxWirePro: Kiwi remains volatile in early Asia after employment change data
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  • AUD/NZD is currently trading around 1.0389 marks.
     
  • Pair made intraday high at 1.0389 and low at 1.0366 marks.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 1.0400 marks.
     
  • A sustained close above 1.0383 will drag the parity higher towards key resistances around 1.0455, 1.0526, 1.06, 1.0654 and 1.0743 mark respectively.
     
  • Alternatively, a daily close below 1.0322 will take the parity down towards key supports around 1.0264/1.0222/1.0178 marks respectively.
     
  • NZ’s employment change stands at 0.0 pct vs 0.2 pct previous release (expected 0.3 pct).
     
  • NZ’s employment rate stands at 4.0 pct vs 4.1 pct previous release (expected 4.2 pct).
     
  • Australia’s AIG construction index stands at 41.3 vs 38.9 previous release.
     
  • Australia’s S&P/ASX 200 was trading 0.43 pct higher at 6,978.30 points.

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