Aussie remains unfazed by April jobs report. Data was in line with expectations but we had a weaker March revision.
AUDNZD, which we have been tracking since the beginning of the week, is pressuring 1.0900. Trail stops to today's low,
hold exposure for 1.1000.
US yields are back in focus and above 3%. Most other majors have covered their ATR for the week, leaving USDJPY with a tad of space left.
The tight consolidation is something we technically like, despite being uneasy about the North Korea about-face (they are no longer meeting with South Korea). So there are risks to this call.
GBPNZD is on our radar as a potential opportunity during the UK Employment report today.
Placing GBP strength (on better data) vs. NZD weakness enhances the odds of having a
profitable trade.
RBA's Debelle and RBA Minutes did nothing to discourage Aussie traders. RBA and RBNZ on diverging paths for now, thus sustaining the momentum move in AUDNZD. 200 DMA at 1.0885 broken.
