By John Noonan — Aug 01 - 07:10 PM
NZD/USD slipped to 0.6140 from 0.6165/70 after NZ unemploment rose to 3.6% from 3.5%
The market was looking for it to remain at 3.5%
Report is mixed as job growth stronger than expected and participation rate higher than expected
Wage growth was slightly lower than expected - which would comfort RBNZ
Support is a the July 28 low at 0.6121 and break would be bearish
Resistance is at the 21-day MA at 0.6226
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary