- AUD/NZD jumps 50 pips, clears key upside hurdles on strong Australia, New Zealand data.
- Australia Employment Change rallies, Consumer Inflation Expectations improve while NZ Q1 GDP signals ‘technical’ recession.
- Clear upside break of immediate resistance line, key HMAs favor bulls to aim for 61.8% FE level.
- Bears need to break 1.0880 support to qualify for a small fight.
AUD/NZD marks a steep reversal from the weekly low, as well as snaps a two-day downtrend, as it jumps to 1.1010 after witnessing upbeat Australia employment data on early Thursday. That said, the exotic pair previously cheered strong Australian inflation clues amid fears of a technical recession in New Zealand.
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