• NZD/USD inched up on Thursday as easing tensions between the U.S. and China boosted market risk sentiment.
•Trump and Xi had an rare leader-to-leader call on Thursday to discuss growing trade tensions and disputes over critical minerals, though key challenges remain unresolved..
• Investors are now awaiting U.S. nonfarm payroll data due at 12:30 GMT. Payrolls report is expected to attract significant attention as markets look for signs of the economic impact from President Trump’s tariffs.
• Investors are pricing in two Fed rate cuts this year, and a weaker jobs report could boost expectations for more cuts, adding pressure on the dollar.
• The employment report is expected to show non-farm payrolls rose by 130,000 jobs in May, down from 177,000 in April, with the unemployment rate steady at 4.2%.
• Immediate resistance is located at 0.6076(38.2%fib), any close above will push the pair towards 0.6099 (Higher BB).
• Support is seen at 0.6005 (50%fib) and break below could take the pair towards 0.5930(61.8%fib).
Recommendation: Good to buy around 0.6010 with stop loss of 0.5930 and target price of 0.6100
