• NZD/USD eased from a 6-1/2-month high on Thursday as greenback recovered after daa showed new applications for unemployment benefits fell last week
• New U.S. unemployment claims fell last week from an upwardly revised prior level, signaling low layoffs, though weak hiring is raising labor market concerns.
• U.S. initial jobless claims fell by 1,000 to 209,000 in the week ended January 24, while the previous week’s figure was revised up to 210,000.
• The RBNZ is expected to hold rates in February, while markets price a strong chance of a hike by September and about a 50% probability as early as July.
•The Reserve Bank of New Zealand meets on February 18 and it will be the first for new Governor Anna Breman to lay out her vision for how policy may develop.
•Data out on Friday showed consumer sentiment surged 6% in January to the highest since mid-2021, continuing a run of better news.
• Immediate resistance is located at 0.6083(23.6%fib), any close above will push the pair towards 0.6116(Higher BB).
•Support is seen at 0.6022 (Daily low) and break below could take the pair towards 0.5984(38.2%fib).
Recommendation: Good to buy around 0.6030 with stop loss of 0.5950 and target price of 0.5100
