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10 Sep 2015
AUD/NZD jumps after RBNZ and Australian jobs reports
FXStreet (Córdoba) - AUD/NZD started to rally after the end of the American session yesterday and continues to rise. Recently reached at 1.1265 the highest level since August 24 (Black Monday) and remains near the top holding a bullish tone.
AUD/NZD boosted by RBNZ and AU jobs data
After the Reserves Bank of New Zealand cut the Official Cash Rate by 25 basis points to 2.75% and signaled that the door for further easing was open the kiwi plummeted in the market and AUD/NZD rose a hundred pips.
The pair received another impulse with the Australian jobs report that surpassed expectations. Employment in August rose by 17,000 above the 5,000 expected and the unemployment decline from 6.3% to 6.2%. AUD/NZD rose above 1.1150 during the Asian session and on European hours climbed on top of 1.1200.
Currently it trades at 1.1250, up 2.60% for the day. The pair is testing the 1.1260 resistance area, above here, then comes 1.1300, that is a key short term area.
AUD/NZD boosted by RBNZ and AU jobs data
After the Reserves Bank of New Zealand cut the Official Cash Rate by 25 basis points to 2.75% and signaled that the door for further easing was open the kiwi plummeted in the market and AUD/NZD rose a hundred pips.
The pair received another impulse with the Australian jobs report that surpassed expectations. Employment in August rose by 17,000 above the 5,000 expected and the unemployment decline from 6.3% to 6.2%. AUD/NZD rose above 1.1150 during the Asian session and on European hours climbed on top of 1.1200.
Currently it trades at 1.1250, up 2.60% for the day. The pair is testing the 1.1260 resistance area, above here, then comes 1.1300, that is a key short term area.