Weak US labour market data NZD/USD to rise

FXStreet – The Dollar is falling as a reaction to the publication of the Jobberichts, which showed a weaker-than-expected job growth on a broad Front under pressure. As a result, the new Zealand Dollar compared to the Greenback on 0,7142 jumped and marked the highest level since ‘ 02. March.

The currency pair is listed just under the highs and is consolidating above an important technical chart brand (0,7090/0,7100).

The Jobzahlen had sent the Greenback on a broad Front to the South. Nevertheless, the interest remained increasing expectations by the Federal Reserve, according to CME FedWatch Tool unchanged over the mark of 90 percent. However, the Kiwi is in good shape, which is also attributable to the weak Performance of the currency pair AUD/NZD is presented.

Important Course Brands

The currency pair holds above the brand of 0,7100 and is ready for a Test of next strong resistance at 0,7150. A jump it would release a new upside potential in the direction of 0,7200 and 0,7230.

On the bottom of the case, the technical chart support at 0,7050 would mean a loss of momentum. Below the next support, which could serve as a springboard for higher courses, 0,6970 (High 03. May / November Tief).

** FXStreet News Editorial, FXStreet**

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