• FxWirePro: Kiwi rises on the back of higher than expected employment data

    Source: FxWire Pro - Technicals / 06 Aug 2019 02:44:59   Europe/London

    • AUD/NZD is currently trading around 1.0327 marks.
       
    • Pair made intraday high at 1.0376 and low at 1.0264 marks.
       
    • Intraday bias remains slightly bearish till the time pair holds key resistance at 1.0448 mark.
       
    • A sustained close above 1.0344 will drag the parity higher towards key resistances around 1.0448, 1.0528, 1.0580, 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
       
    • Alternatively, a daily close below 1.0344 will take the parity down towards key supports around 1.0275/1.0237/1.0192/1.0123 marks respectively.
       
    • Kiwi employment change q/q 0.8 pct vs -0.2 pct previous release.
       
    • Kiwi unemployment rate 3.9 pct vs 4.2 pct previous release.
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