We’ve had an employment data scissors move in this cross with shocking New Zealand data sending the Kiwi lower and reasonable Australian data sending the Aussie higher. A quick look at the daily chart shows that there is scope for a higher retracement towards the 61.8% at 1.2810 or even the weekly trendline at 1.2900. Buying dips favoured in the short-term after the sharp move higher today.
