The AUD/NZD heads into a Thursday market session with Australian labor data on the cards, and investors will be looking for the Australian Unemploymen
The Aussie has rebounded firmly against the Kiwi in recent days, climbing nearly 2% from October's low. Despite the gains, the AUD's momentum could evaporate quickly with the pair stuck in familiar midrange territory. Thursday sees a fresh round of Aussie labor data which could kick off the next leg. t Rate to hold steady at 3.7% for September, while the Aussie Employment change is expected to add at least 20K jobs in September compared to August's 64.9K.
AUD/NZD Technical Outlook The Aussie has rebounded firmly against the Kiwi as the NZD flubs market value, sending the AUD/NZD into median prices at the 200-day Simple Moving Average , with September's last swing high at 1.0918. The Antipodean currency pair remains relatively on-balance for 2023 as the two currencies jockey but struggle to meaningfully develop long-term momentum in either direction.A technical floor has been priced in from the last swing low into 1.0640.
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