The AUD/NZD bottomed during the Asian session at 1.0735 following the weaker-than-expected Australian employment report and then rebounded and turned positive for the day. It is back above 1.0800.
NZD/USD technical outlook
The NZD/USD is looking to trade back in the range with support at 0.6330/50 and resistance at 0.6410/20, after the retreat from the multi-month high it reached on Wednesday at 0.6529. The bias is still to the upside, as it holds above the 20-day Simple Moving Average that stands at 0.6335.
A firm daily close above 0.6450 should point to a test of the recent top and toward more gains. If NZD/USD is unable to do so in the short term, a deeper correction seems likely.
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