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Thomson Reuters
Apr 30 - 08:36 PM
AUD/NZD - Resting On Key Support Ahead Of NZ Employment
First appeared on eFXplus on Apr 30 - 06:35 PM
  • AUD/NZD has been trending lower since weak Aus CPI last week
  • Cross testing 38.2 of 1.0275/1.0725 at 1.0553 ahead of NZ jobs
  • Market expecting Unemployment rate to ease to 4.2% from 4.3%
  • Jobs growth is expected to rise 0.5% and the LCI to rise 2.1% Y/Y
  • If data matches or beats expectations the AUD/NZD will likely fall
  • The next support at 1.0490/1.0500 where 50% of move & 100-day MA converge

audnzd Click here

Source:
Thomson Reuters IFR Markets

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