• NZD/USD pair is extending its struggle with 0.69 handle into early European trades.
   
• Upbeat China PMI reports failed to provide a lift to the sentiment around the bird.
   
• NZD/USD was rejected at day's high by 0.6937, slipped to hit 0.6889 and has now recovered losses to retake the 0.69 handle.
   
• On the technical side, the pair has closed above strong resistance at 0.6880 on Wednesday's trade, and is currently holding above that level.
   
• Indicators suggest upside for the pair, we see a bullish 5-DMA crossover on 10-DMA, Stochs and RSI are biased north and momentum positive on the MACD indicator.
   
• US NFP report due in the NA session will be a major risk event, while the sentiment around the oil and stock markets will also be closely monitored.
   
• Immediate support lies at 0.6880 (trendline resistance turned support), while resistance is located at 0.6924 (June 25th highs), 0.6937 (session highs), 0.6965 (Mar 30th highs) ahead of 0.70.