Ella 
On Thursday, AUD/NZD volatility will be ushered in by Australian employment data, with investors looking for Australia’s unemployment rate to hold steady at 3.7% in September, while Australia’s employment change in September is expected to be at least 649,000 jobs higher than August’s 649,000. 20,000.
Later on Thursday, New Zealand trade balance data will also be released as the New Zealand market enters the trading window early on Friday. New Zealand Dollar bulls will be looking for an increase in New Zealand’s September trade balance (NZ$100 million), from the previous figure of NZ$155.4 billion.
AUD/NZD has rebounded strongly as NZD remains subdued, bringing AUD/NZD closer to the 200-day simple moving average and the previous swing high from September at 1.0918.
AUD/NZD will remain relatively balanced in 2023 as both currencies continue to correct, but it will be difficult to build significant long-term momentum in either direction. AUD/NZD has established a technical bottom at the previous swing low of 1.0640.
