• NZD/USD declined on Wednesday as US dollar firmed after data showed U.S. job openings increased moderately in October.
• Data on Tuesday showed a moderate increase in U.S. job openings in October and a decline in layoffs.
• Traders are awaiting key payrolls data on Friday for guidance on rate hikes, with a private payrolls report due Wednesday offering a preview.
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• At (GMT 05:30) Kiwi dollar was trading down at 0.39% at $0.5857 against the U.S. dollar.
• Immediate resistance is located at 0.5902(38.2%fib), any close above will push the pair towards 0.5958 (50%fib).
• Support is seen at 0.5841(23.6%fib) and break below could take the pair towards 0.5799(Lower BB).
Recommendation: Good to sell around 0.5920, with stop loss of 0.6050 and target price of 0.5900
