• EUR/NZD rose on Friday as the pair attracted buyers after data showed stronger-than-expected U.S. jobs data in May.
•Data showed U.S. employers added far more jobs than expected in May, bolstering bets that the Fed could raise rates late this year.
• The figures reinforced expectations that the U.S. Federal Reserve could raise interest rates later this year,.
• Markets are focused on an expected ECB policy hike next week, while monitoring tentative steps toward Middle East de-escalation..
• Markets are now pricing in a near-certain 25 bps ECB rate hike at the June 11 meeting, with expectations of two or possibly three total hikes this year..
• Immediate resistance is located at 1. 9761 (Daily high), any close above will push the pair towards 1. 9927(May 26th high)
• Immediate support is seen at 1.9768 (38.2%fib) and break below could take the pair towards 1.9675(May 7th low).
Recommendation: Good to buy around 1.9860 with stop loss of 1.9800 and target price of 2.0000
