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FxWirePro: NZD/USD hovers around 0.5665 as a market await US data for direction

• NZD/USD hovered around 0.5665 on Thursday as investors awaited the U.S. jobs data for clues on the future direction of interest rates. • Market focus is on U.S. weekly jobless claims data, due at 1330 GMT, and Friday's…

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FxWirePro: NZD/USD hovers around 0.5665 as a market await US data for direction
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• NZD/USD hovered around 0.5665 on Thursday as  investors awaited the U.S. jobs data for clues on the future direction of interest rates.

• Market focus is on U.S. weekly jobless claims data, due at 1330 GMT, and Friday's non-farm payrolls report, which is expected to provide more insights into the economy's strength.

•Federal Reserve officials highlighted uncertainty around tariffs and other issues from Trump's early administration as key challenges in shaping U.S. monetary policy.

• Meanwhile, traders are closely monitoring developments in the US-China trade war for potential market impacts.

• At (GMT 06:17) Kiwi dollar was trading at down  0.39% to 0.5655 against the U.S. dollar. 

•  Immediate resistance is located at 0.5703(61.8%fib), any close above will push the pair towards 0.5743(Higher BB).

•Support is seen at 0.5649 (50%fib) and break below could take the pair towards 0.5591(23.6%fib).

 Recommendation: Good to sell around 0.5680 with stop loss of 0.5730 and target price of 0.5600

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