06 February 2019

New Zealand jobs report Wednesday, 21:45. New Zealand publishes its employment report only once per quarter, making a substantial splash on each publication. The third quarter of 2018 was excellent, with an increase of 1.1% in overall employment and a drop in the unemployment rate to 3.9%. A more modest increase in employment is likely this time: 0.3% is projected. A jobless rate of 4.1% is on the cards.

NZD
New Zealand jobs report

EURUSD

Update: We remain the same. As could be seen on the daily chart that the pair is traded below a strong resistance level that is 1.1535 so we believe that the pair might continue going down in case it shows up some bearish evidence below the level of 1.1535. Our first target is: 1.13.

Resistance levels:	Support levels:	Recommended:
▪ 1.21 ▪ 1.1850 ▪ 1.18	▪ – ▪ 1.1217 ▪ 1.10	We are bearish as long as the pair is traded below the level of 1.1535

GBPUSD

Update: We remain the same. As could be seen on the daily chart that the pair is traded below a strong resistance level that is 1.32. Therefore, we are bearish as long as the pair is traded below the resistance level of 1.32. Our first target: 1.27.

Resistance levels:	Support levels:	Recommended:
▪ 1.36 ▪ 1.33 ▪ 1.32	▪ 1.2550 ▪ 1.2370 ▪ 1.23	We are bearish as long as the pair is traded below the level of 1.32.

GOLD

Update: Still traded above the support level of 1308. As could be seen on the 4 hours chart that the pair is traded above a strong support level that is 1308 so we are bullish as long as the pair is traded above it. Our first target is: 1330

Resistance levels:	Support levels:	Recommended:
▪ 1330 ▪ 1310	▪ 1298 ▪ 1180 ▪ 1170	We are bullish as long as the pair is traded above the level of 1308.

AUDUSD

Update: Let us keep an eye on the level of 0.70, in case the pair shows up some bullish evidence above it, we can go long again. The daily timeframe shows that the pair is traded above a strong support level that is 0.70. In case the pair reaches this level and shows up some bullish evidence, we can go long targeting the level of 0.71 followed by 0.72 during the week.

Resistance levels:	Support levels:	Recommended:
▪ 0.7550 ▪ 0.7600 ▪ 0.7260	▪ 0.7000 ▪ – ▪ –	We are bullish as long as the pair is traded above the level of 0.70.

GBPJPY

Update: On its way to its targets. The daily timeframe shows that there is a strong crossover that was formed by the downtrend line (in red) and the up trendline (in blue). This makes a very strong resistance level. Therefore, we will be waiting for the pair to reach this area, then we can go short targeting the level of 141 followed by 140 during the week.

Resistance levels:	Support levels:	Recommended:
▪ 156 ▪ 155 ▪ 141.34	▪ 136 ▪ 135 ▪ 134	Waiting for the pair to reach the crossover area.

Disclaimer: The information contained in this publication is produced by Land-FX and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Land-FX current judgment and may change without notice. This message is for information purposes only and is not intended as an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation or warranty is made that this information is complete or accurate. Any views or opinions expressed do not necessarily represent that Land-FX. This email and the information it contains may be confidential, proprietary or legally privileged. You must not, directly or indirectly, use, disclose, distribute, copy or store this message or any part of it if you are not the intended recipient. Unless otherwise stated, any pricing information given in this email is indicative only, is subject to changes and does not constitute an offer to deal at any price quoted.