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AUDNZD Eyes 1.0800, NZ GDP & AU Employment Data Tomorrow

NZD
  • AUD/NZD made daily lows late in the Asia session on Tuesday of 1.0762, before pushing higher to make new monthly highs of 1.0799 with cross is now up 2.17% from the lows made on Feb 22, as trading gets underway on Wednesday we are just off the highs at 1.0791.
  • Key technical levels to watch: a break above initial resistance of 1.0800 would open up a retest of 1.0833 (YTD/Jan 23 high). While to the downside, initial support is 1.0773 (200-day EMA) a break below 1.0738 (100-day EMA) could signal further weakness, opening up 1.0700 (Mar 11 lows)
  • Looking ahead: There is no further data for NZ or AU today. Focus will turn to NZ GDP and AU Employment Tomorrow

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