• EUR/NZD pair edged higher on Thursday as investors ahead positioned ahead of Friday's key U.S. jobs report.
• U.S. data showed that the number of Americans filing claims for unemployment benefits increased slightly last week, while layoffs dropped to a two-year low in July, consistent with a stable labor market.
•But investors are bracing for the Labor Department's employment report for July, scheduled for release on Friday.
•Many economists and traders are still expecting the U.S. central bank to raise interest rates next month unless inflation improves.
• Immediate resistance is located at 1.9646(38.2% fib), any close above will push the pair towards 1.9806 (50% fib).
• Support is seen at 1.9505(March 11th low) and break below could take the pair towards 1.9447 (23.6% fib )
Recommendation: Good to buy around 1.9640with stop loss of 1.9700 and target price of 1.9560
