UK Manufacturing Production came in better than expected on Wednesday and The RBNZ kept New Zealand’s interest rates unchanged at 2.25%. On the news, the NZD/USD pair soared above the 0.70 resistance level for the first time in exactly a year. Next resistance is set at 0.72 with pivot remaining at 0.68.
China will be on a bank holiday on Thursday and Next up on the economic calendar, is French Final Non-Farm Payrolls on Thursday at 5:30 AM GMT. ECB President Draghi Speaks at 7 AM and the UK’s Goods Trade Balance will be released at 8:30 AM. later in the day US Unemployment Claims will be out at 12:30 PM. BOC Gov Poloz Speaks at 3:15 PM and a More hawkish than expected could push the USD/CAD pair further down.
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