Friday, October 16, 2026

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FxWirePro: Kiwi trades marginally lower in early Asia as employment data misses expectations

AUD/NZD is currently trading around 1.0502 marks. Pair made intraday high at 1.0510 and low at 1.0480 marks. Intraday bias remains slightly bullish for the moment. A sustained close above 1.0511 will drag the parity high…

By FxWirePro Team
1 min read
FxWirePro: Kiwi trades marginally lower in early Asia as employment data misses expectations
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  • AUD/NZD is currently trading around 1.0502 marks.
     
  • Pair made intraday high at 1.0510 and low at 1.0480 marks.
     
  • Intraday bias remains slightly bullish for the moment.
     
  • A sustained close above 1.0511 will drag the parity higher towards key resistances around 1.0540/1.0570/1.0590/1.0634/1.0712 levels respectively.
     
  • Alternatively, a daily close below 1.0463 will take the parity down towards key supports around 1.0432/1.0365/1.0333/1.0237  marks respectively.
     
  • New Zealand Q4 2018 job growth qq decrease to 0.1 % (forecast 0.3 %) vs previous 1.1 %.
     
  • New Zealand Q4 2018 unemployment rate increase to 4.3 % (forecast 4.1 %) vs previous 3.9 %.
     
  • New Zealand Q4 2018 labour cost index - qq stays flat at 0.5 % (forecast 0.6 %) vs previous 0.5 %.

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team