FXStreet (Córdoba) - AUD/NZD dropped sharply after the RBNZ decision and then bounced to the upside after the release of the Australian jobs report. During the last hours it lost strength and dropped back below 1.0800. Between RBNZ and Australian data After the decision of the central bank of New Zealand to cut the reference rate by 25 basis points and signaled that the easing process might be done for some months, the kiwi jumped in the market pushing AUD/NZD from 1.0865 to 1.0705, the lowest level since November 2. From the lows it rebounded after better-than-expected data from Australia. The recovery was capped by 1.0840. Currently it trades at 1.0785/90, almost two hundred pips below the level it had 24 hours ago. "This “strong” Australian employment report offsets somewhat the AUDNZD dip to 1.071 due to the RBNZ forgetting to jawbone the currency lower along with the expected rate cut to 2.5% (i.e. the absence of a clear easing bias via unchanged forward guidance on rates, our view here)”, wroted analysts from TD Securities. ------- What will 2016 bring to the Forex traders? Attend our Forex Forecast 2016 - The Panel with Ashraf Laidi, Valeria Bednarik, Boris Schlossberg, Adam Button, Ivan Delgado and Dale Pinkert. Register for the live event on Dec. 18th and get the recording too. ------- For more information, read our latest forex news.