AUD/NZD: The only pair moving today

A closer look at the NZ employment data shows it isn’t bad as the initial headline suggests and there’s been plenty of movement in the AUD/NZD, which is in fact now lower than it was pre-data. It was trading near 1.2760 before the number, spiked up to 1.2825, and is now back at 1.2760 having been as low as 1.2740. If I ever again say I’m going to take a NZD position, shoot me! And if its NZD/CAD, then shoot me twice!!