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Forex: AUD/NZD dealing with 1.21 round ahead of NZ&AU unemployment

FXstreet.com (Barcelona) - With AUD/USD and NZD/USD both holding above yesterday's multi-day lows at 1.0155 and 0.8360 respectively, AUD/NZD awaits New Zealand jobs data due at 22:45 GMT near session lows at 1.2099, as Kiwi is heading into session highs. Australia unemployment change will come next at 01:30 GMT and will also be very probably a big market mover.

“The NZD is such a small currency that it’s vital to know exactly what is going on at all times,” notes FXWW founder Sean Lee, adding: “Those ‘in the know’ tell me that 0.8360 is looming now as an extremely pivotal level. A break below there and we are likely to see much more liquidation of long Kiwi positions,” the analyst suggests.

Immediate support to the downside for AUD/NZD lies at current levels as Monday's previously weekly high 1.2099, followed by April 26-30 lows at 1.2055, and yesterday's/Friday's lows at 1.2020. To the upside, closest resistance shows at May 01 highs 1.2136, followed by yesterday's weekly highs at 1.2165, and April 24 highs at 1.2250.

Forex: Kiwi finishes sharply lower ahead of NZD Jobs Data

The Kiwi finished the day sharply lower, down 36 pips at 0.8406. However, the pair did trade as low as 0.8361 at one point, but was able to find support and edge higher later in the US Session. The catalyst for the initial decline was comments from RBNZ Governor Wheeler, who mentioned the RBNZ has recently intervened in the FX market to weaken the Kiwi. Market participants should be aware of the upcoming NZD jobs data, due out later in the session at 22:45GMT.
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Forex: EUR/AUD adds to gains ahead of Aussie Jobs Data \

The EUR/AUD finished the session up 94 pips at 1.2840. At one point the pair traded as high as 1.2910, but was unable to maintain a bid at higher levels and leaked lower later in the day. Aussie unemployment data will be released later in the session at 1:30GMT, which could have a major influence on the pair given the recent RBA rate cut earlier in the week.
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