FxWirePro: NZD/USD edges higher as U.S. government shutdown hits greenback

• NZD/USD edged higher on Wednesday as the dollar weakened as the U.S. government entered a shutdown that is likely to delay the release of crucial jobs data..

• Government funding expired at midnight in Washington (0400 GMT) as Republicans and Democrats failed to reach a last-minute interim agreement.

• U.S. President Donald Trump warned Democrats on Tuesday that a government shutdown could force his administration to take "irreversible" actions, including cutting programs important to them.

• The U.S. Labor and Commerce departments announced that their statistics agencies would pause data releases during a partial shutdown, including Friday’s nonfarm payrolls report, a key indicator for markets assessing a potential Fed rate cut later this month.

•  Immediate resistance is located at 0.5810(38.2%fib), any close above will push the pair towards 0.5847(50%fib).

•  Support is seen at 0.5765(23.6%fib)and break below could take the pair towards 0.5736 (Lower BB).

 Recommendation: Good to sell around 0.5820 with stop loss of 0.5870 and target price of 0.5730