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• NZD/USD dipped on Friday as greenback strengthened as August US payrolls data delivered mixed results
. Non-farm payrolls rose by 142,000 in August, short ofthe 160,000 growth economists polled by had expected while July numbers were revised down to 89,000 from 114,000.
•U.S. employment growth in August was below expectations, but the jobless rate fell to 4.2% from 4.3% in July, aligning with forecasts and indicating an orderly slowdown.
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• At (GMT 19:31) Kiwi dollar was trading at down 0.85 % at $0.6171 against the U.S. dollar.
• Immediate resistance is located at 0.6211(38.2%fib), any close above will push the pair towards 0.6258 (Daily high).
• Support is seen at 0.6160(50%fib) and break below could take the pair towards 0.6098(61.8%fib).
Recommendation: Good to sell around 0.6180 with stop loss of 0.6250 and target price of 0.6110
