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FxWirePro: Kiwi strengthens in early Asia on robust employment data

  • AUD/NZD is currently trading around 1.1106 marks.
     
  • Pair made intraday high at 1.1189 and low at 1.1076 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1.1198 mark.
     
  • A sustained close above 1.1198 will drag the parity higher towards key resistances at 1.1238/1.1289/1.1384/1.1456 levels respectively.
     
  • Alternatively, a daily close below 1.1198 will take the parity down towards key supports around 1.1027, 1.0930, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
     
  • New Zealand Q3 s/adj employment +2.2 pct (not +1.1 pct).
     
  • New Zealand Q3 s/adj unemployment rate 4.6 pct.
     
  • Australia Oct AIG manufacturing index decrease to 51.1 vs previous 54.20.

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