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New Zealand Unemployment comes in weaker than expectations

Unemployment rate rises to 7.3%  vs 6.8% expectation
Participation Reate rises to 68.1% vs 68.1 % expectations
Employment change falls by -0.1% as expected.

The NZDUSD has falled on the data.  The low for the move at 0.6993 is a downside target. On the topside, look for resistance at the 0.7058 level.  A move above 0.7068 would not be welcomed by NZDUSD bears.

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