- Pair is currently trading at $0.6541 levels, made intraday high at $0.6545 and low at $0.6507 levels.
- The NZ jobless rate fell 0.7 percentage points to 5.3% in the December quarter, the lowest since the March 2009 quarter.
- Employment rose 0.9% qoq in Q4 versus expectation of 0.8% qoq.
- RBNZ Governor Graeme Wheeler helped drive the so-called kiwi higher on Wednesday, with the central bank head attempting to cool speculation of further interest rate cuts.
- He added that “it would be inappropriate to attempt to offset the low oil price effect through the OCR”.
- Initial support levels are seen around $0.6509, $0.6464 and $0.6372 levels.
- On the other side resistance levels are seen at $0.6556, $0.6601 and $0.6648 levels.
The material has been provided by InstaForex Company – www.instaforex.com