NZD/USD retreats from 0.7280 – 10-day highs, NFP eyed

The NZD/USD pair paused its recent upsurge and moved-off more-than one-week highs amid stalled USD selling as focus now turns towards the US NFP figures due later in the NA session.

NZD/USD trades above all DMAs

Currently, the NZD/USD pair trades +0.36% higher at 0.7255, retreating from daily highs posted at 0.7277. The Kiwi remains strongly bid, although seems to pare gains as the resource-linked NZD track oil prices lower.

Moreover, a minor-recovery seen in the US dollar against its major peers also keep a check on the prices. Next in focus for the major remains the key US employment report, which will have significant impact on the USD moves.

NZD/USD Levels to consider

To the upside, the next resistance is located at 0.7273/77 (daily R1 & high), above which it could extend gains to 0.7300 (psychological levels). To the downside immediate support might be located at 0.7200 (5-DMA) and from there to at 0.7165/54 (10-DMA & daily S1).