AUD/NZD Price Analysis: Well set for 1.1100 as Australia, New Zealand data favor bulls AUDNZD Technical Analysis GDP Employment ChartPatterns
Australia Employment Change rallies, Consumer Inflation Expectations improve while NZ Q1 GDP signals ‘technical’ recession.Bears need to break 1.0880 support to qualify for a small fight.
, versus -0.7% prior. Further details reveal that the yearly figures ease to 2.2% YoY for the said period versus 2.6% market expectations and 2.3% previous readings. Given the second consecutive negative quarterly growth figure, the Pacific nation flags a ‘technical’ recession.
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