NZD/USD chart - Trading View
NZD/USD was trading largely unchanged at 0.6045 at around 09:00 GMT.
The pair is extending sideways grind along 21-EMA support, bias is neutral.
Upbeat New Zealand's jobs figures for the first quarter fail to impress kiwi bulls.
Data released earlier today showed NZ Q1 unemployment Rate printed at 4.2%, bettering expectations at 4.3%.
NZD/USD edged slightly higher in the immediate after effect, but failed to sustain gains.
Focus now on U.S. ADP Employment data due later today at 12:15 GMT for direction.
Technical studies do not show a clear directional bias for now. Bias tilted in support of bears.
Price action is struggling to hold breakout at daily cloud. Decisive breakout above 55-EMA could change near-term dynamics.
On the flipside, the pair is holding support at 21-EMA, breach below will see more weakness.
Support levels - 0.6037 (21-EMA), 0.60 (Kijun Sen), 0.5960 (38.2% Fib)
Resistance levels - 0.6099 (55-EMA), 0.6145 (Upper BB), 0.6214 (110-EMA)


Global Markets React to Strong U.S. Jobs Data and Rising Yields
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
FxWirePro: USD/CAD edges higher, retains bid tone
FxWirePro- Major Crypto levels and bias summary
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
FxWirePro: GBP/AUD consolidating around 1.8980, room for further gains
FxWirePro: USD/CAD uptrend loses steam, remains on bullish path
Urban studies: Doing research when every city is different
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 



