AUD/NZD treading water above 1.1650

FXstreet.com (Barcelona) - The AUD/NZD foreign exchange cross rate is last trading at 1.1666, off recent session lows at 1.1616, printed on the back of Kiwi strength.

AUD/NZD off fresh 4.5-year lows

The cross is still trapped around the key 1.1650 support that has been holding the AUD/NZD from falling further since past Wednesday, following NZ FinMin comments last days saying rising interest rates was a matter of time. Today's better than expected Australian jobs numbers, although still weak, are helping to find Aussie bidders.

AUD/NZD key technical levels

Immediate support to the downside for AUD/NZD lies at July 03/04/05/09 lows 1.1646, followed by recent session/fresh 4.5-year lows at 1.1617, and June 2003 highs at 1.1596. To the upside, closest resistance shows at recent session highs 1.1707, followed by yesterday's highs at 1.1752, and Friday's highs at 1.1792.

Jul 11, 2013

Australian jobs weak: only adds part time, rate at 5.7%

The Australian Employment Change s.a. for the month of June came at 10,300 vs -2,500 expected and +1,100 last May. The unemployment rate stood at 5.7% vs 5.6% market consensus and 5.5% expected. Looking at the split between part-time and full-time jobs numbers, the number reflected a rise in part-time by 14,800 and a decline in full-time by 4,400. The participation rate came at 65.3% vs 65.2% expected

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Jul 11, 2013

EUR/JPY around 130 flat for the week so far

The EUR/JPY foreign exchange cross rate is last trading at 130.02, off recent session highs at 130.40, printed on the back of massive Euro strength following FED Bernanke's comments.

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