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NZD/USD breaking below key 0.77 post Aus jobs

FXStreet (Bali) - NZD/USD is breaking key support at 0.7700/0.7690 again, following the failed attempt on Wed, with current price at 0.7685 following a brief drive through 0.7670.

The decline in the Aussie dragged the Kiwi lower too, with the former reacting negatively to a better-than-expected Aus jobs headline, although it came with some massive negative revisions to the Sept data, with full time employment in Sept revised from 21.6k, now -34.9k, while part time went from -51.3k to +11.2k.

A clear break below 0.7690 would expose the next key area of support at 0.7500, May 2012 lows. While on the upside, recoveries should find selling interest layered at 0.7740/60.

AUD/USD volatile on jobs data and pressing downside

AUD/USD is trading at 0.8560, down -0.37% on the day, having posted a daily high at 0.8609 and low at 0.8559.
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