FxWirePro: NZD/USD rises as dollar jolted by soft openings data and tariff-related headlines

• NZD/USD rose on Wednesday as the dollar weakened amid soft U.S. job openings data and a new U.S.-China trade dispute   .

• Beijing imposed tariffs on U.S. imports Tuesday in response to new U.S. duties on Chinese goods, reigniting the trade war as Trump sought to punish China for not stopping illicit drug flows.

•U.S. job openings fell the most in 14 months in December, but steady hiring and low layoffs suggest the Fed can delay rate cuts until at least June.

•The Labor Department's JOLTS report on Tuesday showed 1.1 job openings for every unemployed person, down from 1.15 in November.

• Traders will now focus on U.S. ADP private payrolls data at 1315 GMT and the U.S. ISM services report at 1500 GMT.


•  Immediate resistance is located at 0.5694(50%fib), any close above will push the pair towards 0.5722(61.8%fib).

•Support is seen at 0.5619 (38.2%fib) and break below could take the pair towards 0.5586(Feb 4th low).

 Recommendation: Good to buy around 0.5660 with stop loss of 0.5600 and target price of 0.5750