Dashboard

Solid News

NZDUSD, US Unemployment Falls to 3.4%

2/6/2023 11:05 AM

The NZD/USD pair continues to be extremely poor near 0.6328, likely to remain unchanged today as trading is suspended due to the Waitangi Day celebration.

At the end of last week, Statistics New Zealand (Stats NZ) released data on the cost of living for different groups of households in 2022, which, as expected, reflected a negative trend: the overall indicator rose by 8.2%, there was an increase of 9.4% for households with large spending, and with small one – by 7.1%. Among the key factors for the increase, experts identify housing, food, and transport prices, which will continue to increase soon.

On Friday, the US dollar showed the most significant increase in the last two months, reaching 102.900 in the USD Index on the back of a positive report on the labor market, according to which the overall unemployment rate in the country fell to 3.4% from 3.5%, although analysts had expected increase to 3.6%. The increase in employment in the non-agricultural sector had the greatest impact on the indicator, which in the public sector amounted to 517.0K jobs compared to 260.0K a month earlier, and in the private sector – 443.0K against 269.0K, although experts assumed decline in both categories.


The trading instrument is actively decreasing, approaching the December low at 0.6240.

Technical indicators are reversing: fast EMAs on the Alligator indicator have narrowed the range of fluctuations and are approaching the signal line, while the AO histogram forms downward bars in the buying zone.

Resistance levels: 0.6400, 0.6550. | Support levels: 0.6240, 0.6030.

Find Us
Registered Address : Bonovo Road – Fomboni Island of Mohéli – Comoros Union
Physical address: Oasis Moroni,RN1 bureau No 03 Rez-de-chaussée, Comoros Union
Mail Us
[email protected]
Call Us
+269 320 20 60


Risk Warnings
Solid ECN Securities LLC offers trading on Foreign Exchange (‘Forex’ or ‘FX’) and Contracts for Difference (‘CFDs’), which are complex financial products that are traded on margin. They carry a high level of risk since leverage can work both to your advantage and disadvantage. As a result, these products may not be suitable for all investors, as loss of all invested capital may occur. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and consider your investment objectives and level of experience. Seek independent advice, if necessary.
Solid ECN Securities LLC does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of a CFD. Solid ECN Securities LLC is not a financial advisor and all services are provided on an execution-only basis. This communication is not an offer or solicitation to enter into a transaction and shall not be construed as such.
This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
By using solidecn.com you agree to use our cookies to enhance your experience.
Solid ECN Securities LLC is authorized and regulated by the Comoros Union with reference number HY00623411.
Disclaimer 1: The information provided on this site is not intended for residents of any country or jurisdiction where its distribution or use would violate local laws or regulations.
Disclaimer 2: Solid ECN Securities LLC and it affiliates does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Iran, Syria, Sudan and Cuba.
Copyright All Right Reserved 2025 SolidECN.com