The New Zealand dollar suffered a disappointing employment report and dropped for a third consecutive week. Can it recover now? A report from the central bank and retail sales are the highlights this week . Here is an analysis of fundamentals and an updated technical analysis for NZD/USD.
New Zealand’s employment change missed by rising only 0.7%, and the unemployment rate came out higher than expected at 5.8% instead of falling to 5.5%. In the US, data was mixed with a weak ADP number but some encouraging data as well.
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