NZD/USD chart on Trading View used for analysis
- NZD/USD pauses downside at 200-DMA support, break below to see further weakness.
- The pair has retraced from highs at 0.6969 hit on Dec 4th. Doji formation at highs keeps scope for downside.
- RSI and Stochs have turned lower. Upside remains capped at 5-DMA.
- Markets eye U.S. Non-farm payrolls report later today at 13:30 GMT.
- Non-farm payrolls are expected to rise by 205,000 in November, down from the prior month's exceptional 250,000.
- The unemployment rate is predicted to remain at 3.7% and annual average hourly earnings to have increased 3 % last month as in October.
- Upbeat data could put a strong bid under the US dollar, hence adding to downside pressure on the pair.
- Break below 200-DMA could see downside till 110-EMA at 0.6741. Further weakness only on break below.
- Bounce off 200-DMA negates bearish bias. Resumption of upside and test of 0.6969 then likely.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
FxWirePro- Major Pair levels and bias summary
Energy Sector Outlook 2025: AI's Role and Market Dynamics
2025 Market Outlook: Key January Events to Watch
FxWirePro: GBP/USD slides to three-month low, scope for further downside
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Geopolitical Shocks That Could Reshape Financial Markets in 2025
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD slips as dollar extends gains after US PMI data
JPY Major Currency Score – Pairs Trades Flat & Good to Avoid
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
FxWirePro- Major Crypto levels and bias summary
US Gas Market Poised for Supercycle: Bernstein Analysts
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
FxWirePro: USD/JPY firms as bearish yen sentiment persists
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 



