NZD/USD back above 0.6900 after testing the 200-DMA post-NFP report By christianborjon NZDUSD Majors Macroeconomics Technical Analysis
US Nonfarm Payrolls advances by 431K lower than expected, but the Unemployment rate is down to 3.6%.NZD/USD Price Forecast: Friday’s price action confirms the double top.begins April on the wrong foot, extending Thursday’s losses and probing the 200-day moving average at 0.6907 amidst a positive market mood. At 0.6913, it reflects the appetite for the greenback after a solid US employment report, which, even though it was softer than expected, is closing to recover to pre-pandemic levels.
deposit in the city of Belgorod. Kremlin’s spokesman Dimitry Peskov condemned what happened, and he said that it “ isn’t what could be seen as creating conditions conducive to the continuation of talks.”report for March. The US economy added just 431K jobs to the economy, lower than the 490K estimated. However, the positive is that Unemployment Rate keeps falling, from 3.8% in February to March’s 3.6%, lower than expectations, while Average Hourly Earnings for March rose by 5.
Therefore, the NZD/USD path of least resistance is downwards. The first support would be 0.6900. Once cleared, the next demand zone to challenge would be 0.6875, followed by February 23 daily high at 0.6809 and then 0.6780.
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