Technical Analysis

NZD tumbles after shocking jobs data

The official rate rose to 7.3% against expectations of 6.7%. The NZD/USD has tumbled hard from .8260 to .8200. Next technical support (prior lows and a 61.8% retracement) comes in at .8180.

Now the market will start worrying that Australian data later this morning might also hold some nasty surprises.

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