New Zealand Jobs Data

May 6, 2015 by

New Zealand employment figures were below expectation. This puts more downward pressure on the NZD pairs. Employment change came at 0.7% versus 0.8% expected. Unemployment figures also show 5.8% versus 5.5% expected. All these figures further confirm the already existing selling pattern. A strong NFP figures on Friday will put the NZDUSD in the lows.

Below is a daily chart of NZDUSD

NZDUSD Daily Chart

source: XTB MT4 Platform