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AUD/NZD May Trade Towards 1.1000

AUD/NZD May Trade Towards 1.1000

AUD is one of the strongest today after good Employment data (58.6K vs. 14.8K). We see very strong upward move from yesterday, so we believe it’s an impulse that will continue towards 1.1000. That said, current minor reversal is likely a corrective move that may find a support around 1.0850-1.0880.

AUD/NZD, 30 min

AUD/NZD 30 Min Chart

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