AUD/NZD taking a "temporary" hit onto 1.09 handle?

FXStreet (Guatemala) - AUD/NZD is trading at 1.0986, down -0.40% on the day, having posted a daily high at 1.1049 and low at 1.0987.

AUD/NZD has taken a hit, a big hit post the disappointing jobs report. The report came in a fashion that took the market by surprise, seeing’s as economists had been expecting a solid set of data ahead of the quarterly Statement of Monetary Policy from the RBA tomorrow. However, this may not take away prospects for growth and it I just one number after all. The drop onto the1.09 handle is of curse significant but we remain in daily highs.

AUD/NZD remains a bullish picture

In fact, Richard Franulovich, analyst at Westpac Banking Corporation ABN
Explained earlier that the AUD/NZD appears to be a far more ideal cross. “Our AUD growth factor signal has stabilised and as the slide below shows the divergence between our AUD and NZD growth signals recently hit a multi-year extreme that in all probability is unlikely to be sustained. The message for AUD/NZD is one of multi month upside potential”.