Chart - Courtesy Trading View
NZD/USD was trading 0.18% higher on the day at 0.6229 at around 10:35 GMT. The pair has paused downside and bounced off 200-DMA support.
Return of risk appetite following comments by Atlanta Fed President Raphael Bostic help support the antipodeans.
Bostic said on Thursday that the impact of higher U.S. interest rates on the economy may only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases.
Bostic's dovish comments came despite unemployment claims data on Thursday pointed to a still strong U.S. jobs market and other data showing a revised jump in labour costs at the end of last year.
Focus now is on China's annual parliament session on Sunday when Beijing will set its economic goals for the year and unveil fresh policy support to consolidate an economic recovery.
US Services PMI data due at 1445 GMT later in the NY session will influence price action. Upbeat US Services PMI could fuel hawkish Fed bets.
US Services PMI is seen lower at 54.5 from the former release of 55.2. The New Orders Index which conveys the forward demand is expected to decline to 58.5 from the prior figure of 60.4.
Support levels:
S1: 0.6211 (5-DMA)
S2: 0.6175 (200-DMA)
Resistance levels:
R1: 0.6263 (21-EMA)
R2: 0.6285 (55-EMA)
Summary: NZD/USD nascent recovery attempts find next major resistance at 21-EMA. Series of resistance seen till 0.6285, break above will see further upside in the pair.
On the flipside, failure to hold above 200-DMA negates any upside bias. Scope the for test of fresh multi-month lows below 0.6131.


EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro- Major European Indices
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: EUR/NZD steadies ahead of ECB meeting
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 



