FxWirePro: NZD/USD maintains bullish bias with focus on 0.6000 level

• The New Zealand strengthened  on Friday  as signs of progress in U.S.-China trade talks helped lift risk sensitive kiwi dollar.

•U.S. Secretary of State Marco Rubio indicated on Thursday that formal discussions with China are expected to commence soon,

• China's Commerce Ministry announced on Friday that Beijing is  evaluating  the U.S. offer to hold talks over President Trump's   tariffs.

• Market participants are closely monitoring the upcoming U.S. nonfarm payrolls (NFP) report, scheduled for release later today, as it may provide crucial insights into the Federal Reserve's future monetary policy decisions..

• Economists have forecasted that the U.S. economy added approximately 130,000 jobs in April, a notable decrease from the 228,000 jobs reported in March.

•  Immediate resistance is located at 0.5954(38.2%fib), any close above will push the pair towards 0.6000 (Psychological level).

•  Support is seen at 0.5879 (50%fib) and break below could take the pair towards 0.5833(Dec 4th low).

 Recommendation: Good to buy around 0.5910 with stop loss of 0.5840 and target price of 0.6000