data is here

The NZD had a huge rally in the past 24 hours, and even after that its managed higher again on the employment figures just released:

  • Unemployment rate dropped q/q (even after a good jump in the participation rate)
  • Employment gain better than expected
  • Wages growth higher than expected
  • 0.8255/60 should provide some resistance (21 day MA)
  • Support around 0.8200