• NZD/ USD eased on Thursday as dollar held firm as traders looked ahead to speeches from key Federal Reserve policy makers later in the day.
• The U.S. currency rebounded strongly overnight from a more than 5 month low to the kiwi dollar .
• Weekly U.S. jobless claims data will also be closely scrutinised later on Thursday, given the Fed's shift in focus to employment over inflation.
• The technical outlook remains bullish and points to eventual bigger gains, Fourteen-day momentum is positive, reinforcing the scope for a bigger gains .
• Immediate resistance is located at 0.6350(23.6%fib), any close above will push the pair towards 0.6375(Higher BB).
• Support is seen at 0.6279 (38.2%fib) and break below could take the pair towards 0.6223(50%fib).
Recommendation: Good to buy around 0.6250 with stop loss of 0.6150 and target price of 0.6330
