At 2245GMT its New Zealand employment data time. Most attention is on the Employment change (q/q) and the Unemployment rate.

  • Employment Change for Q2 q/q: expected 0.3%, prior 1.7%
  • Employment Change for Q2 y/y: expected 0.7%, prior 0.3%
  • Unemployment Rate for Q2: expected 6.3%, prior 6.2%
  • Participation Rate for Q2: expected 67.9%, prior 67.8%
  • Average Hourly Earnings for the 2Q q/q: expected 0.6%, prior 1.0%
  • Private Wages Excluding Overtime for the 2Q q/q: expected 0.5%, prior 0.4%
  • Private Wages Including Overtime for the 2Q q/q: expected 0.5%, prior 0.3%

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NZD/USD is running into resistance around the 0.7910/20 level, with the next resistance coming in at 0.7930 then 0.7990. Support 0.7840/50