FxWirePro: USD/ZAR outlook weaker on renewed downside pressure 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70 
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level 
FxWirePro- Major Pair levels and bias summary 
China's Refining Industry Faces Major Shakeup Amid Challenges 
FxWirePro: AUD/USD consolidates gains ,remains on positive footing 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Stock Futures Dip as Investors Await Key Payrolls Data 
Wall Street Analysts Weigh in on Latest NFP Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
FxWirePro: USD/CAD downside pressure builds, key support level in focus 
NZD/USD chart - Trading View
NZD/USD was trading 0.37% higher on the day at 0.5984 at around 06:45 GMT, downside pressure remains.
The major slumped overnight after the RBNZ Governor Adrian Orr cited the odds of monetizing the fiscal deficit.
The losses were accentuated further on broad US dollar strength backed by the risk-off sentiment due to the oil price slump.
Further, New Zealand’s GDT Price Index data released today showed a fall in prices to -4.2% versus +1.5% forecast and +1.2% prior.
Analysis of the GMMA indicator shows major trend is bearish and minor trend is neutral.
Parabolic SAR supports weakness. Stochs are biased lower and RSI is well below the 50 mark. MACD is on verge of bearish crossover on signal line.
Focus shifts to the US Jobless Claim data for fresh direction. Coronavirus updates will be crucial to follow to gauge market risk appetite.
Guidance: Technical studies do not provide a clear directional bias, we prefer to remain on the sidelines.
