Free Trial

NZD Moves Higher After Employment Beat

NZD

Slightly stronger than expected NZ employment data, with the u/e rate at 4.0% only a touch above Q3's 3.9%, and firmer jobs growth (+2.4% y/y for Q4 versus 2.1% projected).

  • NZDUSD, is trying to test 0.6100, breaking out of its range for the week, a move above 0.6100 could see the 20 and 50 day EMA of 0.6120/0.6140 targeted.
  • AUDNZD broke briefly below the 1.0700 support level that held all year, at time of writing we sit just back above, at 1.0704. A break and hold below could signal a move back to the lows of December of 1.0650

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.