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6 Feb 2015
NZD/USD drops 100 pips in the NFP aftermath
FXStreet (Córdoba) - NZD/USD fell more than 100 pips in a matter of minutes and printed a 2-day low in the lower 0.73’s after a strong US nonfarm payrolls report gave the greenback a boost.
Nonfarm payrolls report showed the US economy created 257,000 jobs in January, beating expectations of 234,000. Meanwhile, November and December gains were upwardly revised to 423,000 and 329,000 respectively. Job gains have now surpassed 200,000 for 12 months in a row.
NZD/USD fell sharply and scored a low of 0.7333 on the back of the report from around 0.7440 before data. At time of writing, the pair is trading at 0.7360, recording a 0.20% loss on the day. Immediate supports could be found at 0.7333 (daily low) and 0.7300 (psychological level), while resistances on bounces are seen at 0.7443 (daily high) and 0.7500 (psychological level).
Nonfarm payrolls report showed the US economy created 257,000 jobs in January, beating expectations of 234,000. Meanwhile, November and December gains were upwardly revised to 423,000 and 329,000 respectively. Job gains have now surpassed 200,000 for 12 months in a row.
NZD/USD fell sharply and scored a low of 0.7333 on the back of the report from around 0.7440 before data. At time of writing, the pair is trading at 0.7360, recording a 0.20% loss on the day. Immediate supports could be found at 0.7333 (daily low) and 0.7300 (psychological level), while resistances on bounces are seen at 0.7443 (daily high) and 0.7500 (psychological level).