ICYMI, we just had some peculiar data from NZ - a big drop in unemployment and participation
The data showed decent employment gains and moderate wage growth. Previous data from NZ shows inflation well below target.
Orderboards:
AUD/USD
- Sellers 0.7100, 0.7150. Some trading stops above 0.7075 (unurprising)
- Buyers 0.7025 down through 0.7000. Trading stops below 0.7030 (unsurprising ... check out the range overnight and the 'trader stops' make sense)
Currently 0.7043
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NZD/USD .. a bit of house cleaning to the topside after the employment data
- Sellers 0.6550, 0.6570, stops over 0.6585
- Buyers 0.6450/60/70, stops under 60 and 50
Currently 0.6521
