FxWirePro: Kiwi depreciates against major peers as employment data misses expectations
Wednesday, May 1, 2019 1:50 AM UTC
- AUD/NZD is currently trading around 1.0605 marks.
- Pair made intraday high at 1.0613 and low at 1.0545 marks.
- Intraday bias remains bullish till the time pair holds key support at 1.0550 mark.
- A sustained close above 1.0582 will drag the parity higher towards key resistances around 1.0642, 1.0758, 1.0822, 1.0882 and 1.0951 levels respectively.
- Alternatively, a daily close below 1.0582 will take the parity down towards key supports around 1.0532/1.0449/1.0364/1.0275/1.0237/1.0192 marks respectively.
- New Zealand Q1 2019 HLFS job growth qq decrease to -0.2 % (forecast 0.5 %) vs previous 0.1 %.
- New Zealand Q1 2019 HLFS unemployment rate decrease to 4.2 % (forecast 4.2 %) vs previous 4.3 %.
- New Zealand Q1 2019 labour cost index - qq decrease to 0.3 % (forecast 0.5 %) vs previous 0.5 %.