AUD/NZD looking for bids to kick off the week, Aussie Unemployment in the pipe

• AUD/NZD up softly in Tokyo to start the week.
• Aussie Unemployment slated for Thursday.

AUD/NZD is trading up to start the week, 30 pips above last week's close and testing into 1.0795 in early Tokyo trading.

The currency pair has traded blows recently as the Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) have taken turns disappointing markets, with the RBA firmly holding off on interest rate increases until 2019 at the earliest, and the RBNZ looking at standing pat on rates until well into 2020, and not ruling out further rate decreases at a time when most of the world's economies are beginning to experience an uptick in economic expansion, and the first stokes of inflation in a decade.

Australia will be posting their Unemployment Rate and Employment Change figures on Thursday at 01:30 GMT, with a speech from RBA Governor Philip Lowe at 22:30 the same day. Aussie bulls will be looking for positive undertones in Australia's employment scene to begin pushing the RBA closer to rate increase territory, while disappointment in the numbers could send the Aussie retreating against the Kiwi once more.

AUD/NZD Technicals

The pair is looking for a bounce, but still currently trading close to a bottom, with support currently being given by 1.0755, while resistance is priced in at 1.0845 and 1.0875 just above it; Daily candles tell an increasingly bearish story with price beginning to trade below the 200-day SMA for the first time since July of 2017. A return to a bullish trend will have to contend with horizontal support-turned-resistance coinciding with the 200-day SMA at 1.0840.