FxWirePro: Kiwi gains against major peers on robust job data
Wednesday, November 2, 2016 1:19 AM UTC
- AUD/NZD is currently trading around 1.0607 marks.
- Pair made intraday high at 1.0658 and low at 1.0593 marks.
- Intraday bias remains bearish till the time pair holds immediate resistance at 1.0664 marks.
- A sustained close above 1.0664 will drag the parity higher towards key resistances at 1.0751/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA) /1.1123/1.1298/1.1317 levels respectively.
- Alternatively, a consistent close below 1.0593 will take the parity down towards key supports around 1.0509, 1.0472, 1.0333, 1.0237, 1.0184, 1.0109 and 1.0053 marks respectively.
- New Zealand Q3 s/adj unemployment rate 4.9 pct.
- New Zealand Q3 s/adj employment rate +1.4 pct.
- New Zealand Q3 participation rate 70.1 pct.
- New Zealand Q3 LCI private sector wages (ex-o'time) +0.4 pct on previous qtr (Reuters poll +0.5 pct).
- New Zealand Q3 LCI private sector wages (ex-o'time) +1.6 pct on year ago (Reuters poll +1.8 pct).