FxWirePro: Kiwi strengthens in early Asia on the back of higher than expected employment data
AUD/NZD is currently trading around 1.0771 marks. Pair made intraday high at 1.0777 and low at 1.0757 marks. Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0840 mark. A sustained clos…
Pair made intraday high at 1.0777 and low at 1.0757 marks.
Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0840 mark.
A sustained close above 1.0766 will drag the parity higher towards key resistances at 1.0840/1.0945/1.1072/1.1113/1.1163/1.1238/1.1289/1.1384 levels respectively.
Alternatively, a daily close below 1.0766 will take the parity down towards key supports around 1.0737, 1.0693 and 1.0648 marks respectively.
New Zealand Q4 unemployment rate decrease to 4.5 % (forecast 4.6 %) vs previous 4.6 %.
New Zealand Q4 job growth q/q decrease to 0.5 % (forecast 0.2 %) vs previous 2.2 %.
Australia Jan AIG construction index increase to 54.3 vs previous 52.8.
Australia's S&P/ASX 200 index up 1.38 pct at 5,913.90 points in early trade.
