• NZD/USD slipped lower on Friday as greenback gained some ground ahead of key US jobs data.
• Payrolls are expected to have increased by 200,000 jobs last month, following a gain of just 12,000 in October, the smallest increase since December 2020.
• Markets currently see about a 72% chance that the Federal Reserve will deliver a 25-basis-point rate cut when it meets on Dec. 17-18, up from 66.5% a week ago, CME FedWatch tool showed.
• Immediate resistance is located at 0.5878(5SMA), any close above will push the pair towards 0.5992 (50%fib).
• Support is seen at 0.5850(23.6%fib) and break below could take the pair towards 0.5815(Lower BB).
Recommendation: Good to sell around 0.5920, with stop loss of 0.6050 and target price of 0.5800
