Investing.com - The New Zealand Dollar was lower against the U.S. Dollar on Wednesday after the release of N.Z. data on Unemployment Rate.
NZD/USD was trading at 0.8346, down 0.14% at time of writing.
The pair was likely to find support at 0.8287, Monday’s low, and resistance at 0.8408, today’s high.
Earlier in the day, official data showed that The rate of unemployment in New Zealand fell more-than-expected to a seasonally adjusted 6.3% in the last quarter from 6.6% in the preceding quarter.
Analysts had expected N.Z. unemployment rate to fall to 6.5% in the last quarter.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.05% to hit 1.2937 and EUR/NZD rising 0.14% to hit 1.5889.
NZD/USD was trading at 0.8346, down 0.14% at time of writing.
The pair was likely to find support at 0.8287, Monday’s low, and resistance at 0.8408, today’s high.
Earlier in the day, official data showed that The rate of unemployment in New Zealand fell more-than-expected to a seasonally adjusted 6.3% in the last quarter from 6.6% in the preceding quarter.
Analysts had expected N.Z. unemployment rate to fall to 6.5% in the last quarter.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.05% to hit 1.2937 and EUR/NZD rising 0.14% to hit 1.5889.