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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…

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FxWirePro: Kiwi strengthens in early Asia on robust employment data
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  • 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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