• EUR/NZD slipped lower on Friday as the pair attracted selling pressure after a weaker-than-expected U.S. jobs report.
• The U.S. economy unexpectedly shed 23,000 jobs in July, sharply missing Reuters economists' forecast for an 80,000 increase..
• The data could give the Federal Reserve more room to keep interest rates unchanged next month while it assesses incoming economic indicators, including next week's U.S. inflation repor..
• Money markets had been roughly split on the likelihood of a Federal Reserve rate hike next month before the payrolls report. Following the weaker-than-expected data, the implied probability of a September hike fell to around 40%, from approximately 55% earlier.
• Immediate resistance is located at 1.9634(SMA 20), any close above will push the pair towards 1.9682(38.2% fib).
• Support is seen at 1.9502(Lower BB) and break below could take the pair towards 1.9472 (Lower BB )
Recommendation: Good to sell around 1.9640 with stop loss of 1.9700 and target price of 1.9560
