FxWirePro: Kiwi remains volatile in early Asia after employment change data
Wednesday, February 5, 2020 2:00 AM UTC
- AUD/NZD is currently trading around 1.0389 marks.
- Pair made intraday high at 1.0389 and low at 1.0366 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 1.0400 marks.
- A sustained close above 1.0383 will drag the parity higher towards key resistances around 1.0455, 1.0526, 1.06, 1.0654 and 1.0743 mark respectively.
- Alternatively, a daily close below 1.0322 will take the parity down towards key supports around 1.0264/1.0222/1.0178 marks respectively.
- NZ’s employment change stands at 0.0 pct vs 0.2 pct previous release (expected 0.3 pct).
- NZ’s employment rate stands at 4.0 pct vs 4.1 pct previous release (expected 4.2 pct).
- Australia’s AIG construction index stands at 41.3 vs 38.9 previous release.
- Australia’s S&P/ASX 200 was trading 0.43 pct higher at 6,978.30 points.