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FxWirePro: NZD/USD under pressure as traders await US jobs data

• NZD/USD drifted lower towards fresh 2-year low on Friday as dollar firmed ahead of  US payrolls data.

• U.S. non-farm payrolls data is forecast to show a gain of 150,000 jobs in December, with the unemployment rate steady at 4.2%.

• A stronger-than-expected report could bolster the case for fewer Federal Reserve rate cuts, potentially triggering another selloff in nervous bond markets.

• At (GMT 06:15) Kiwi dollar was trading at down  0.21% to 0.5585 against the U.S. dollar.  

•  Immediate resistance is located at 0.5625(50%fib), any close above will push the pair towards 0.5664(61.8%fib).

•Support is seen at 0.5574 (23.6%fib) and break below could take the pair towards 0.5530(Lower BB).

 Recommendation: Good to sell around 0.5600 with stop loss of 0.5650 and target price of 0.5530

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