NZD/USD well supported below $0.6550 levels, Intraday bias positive
Pair is currently trading at $0.6541 levels, made intraday high at $0.6545 and low at $0.6507 levels. The NZ jobless rate fell 0.7 percentage points to 5.3% in the December quarter, the lowest since the March 2009 quarte…
Pair is currently trading at $0.6541 levels, made intraday high at $0.6545 and low at $0.6507 levels.
The NZ jobless rate fell 0.7 percentage points to 5.3% in the December quarter, the lowest since the March 2009 quarter.
Employment rose 0.9% qoq in Q4 versus expectation of 0.8% qoq.
RBNZ Governor Graeme Wheeler helped drive the so-called kiwi higher on Wednesday, with the central bank head attempting to cool speculation of further interest rate cuts.
He added that "it would be inappropriate to attempt to offset the low oil price effect through the OCR".
Initial support levels are seen around $0.6509, $0.6464 and $0.6372 levels.
On the other side resistance levels are seen at $0.6556, $0.6601 and $0.6648 levels.
