• NZD/USD edged higher on Thursday as greenback eased slightly following Wednesday’s mixed US economic data.
• The greenback eased slightly as Wednesday's data did not shake expectations of an interest rate cut later this month.
• Private payrolls in the United States climbed at a steady rate in November, but they fell short of forecasts, while yearly earnings for workers who stayed at their positions rose for the first time in 25 months.
•At the same time, U.S. services sector activity slowed in November after registering significant improvements in recent months.
• Immediate resistance is located at 0.5902(38.2%fib), any close above will push the pair towards 0.5958 (50%fib).
• Support is seen at 0.5834(23.6%fib) and break below could take the pair towards 0.5799(Lower BB).
Recommendation: Good to sell around 0.5920, with stop loss of 0.6050 and target price of 0.5830
