FxWirePro: NZD/USD dips as greenback firms ahead of jobs report

• NZD/USD edged lower on Friday as the U.S. dollar remained firm ahead of the crucial U.S. jobs report.

•Economists expect modest job growth of 60,000 and a slight drop in the unemployment rate to 4.5% from 4.6%.

•   Second-tier labour data on Wednesday provided little direction, as private-sector job growth rebounded less than expected in December, while the ISM services employment index climbed to its highest level in nearly a year.

• Meanwhile, the Job Openings and Labor Turnover Survey (JOLTS) showed that job openings in November came in well below forecasts, even as layoffs declined sharply.

• The Reserve Bank of New Zealand is widely expected to keep interest rates unchanged at 2.25% through the first half of the year, with markets not fully pricing in a rate hike until October.

• Immediate resistance is located at 0.5792(50%fib), any close above will push the pair towards 0.5846(Higher BB).

•Support is seen at 0.5736 (Lower BB) and break below could take the pair towards 0.5701(38.2%fib).

 Recommendation: Good to sell around 0.5750 with stop loss of 0.5800 and target price of 0.5690