• NZD/USD dipped on Thursday as the greenback steadied ahead of Friday’s August nonfarm payrolls report.
• U.S. non-farm payrolls for August are set to be released on Friday, with a Reuters poll projecting an increase of 78,000 jobs, up from 73,000 in July.
• The report will provide investors and the Federal Reserve with a clearer picture of the labor market, potentially influencing expectations for a rate cut this month.
•Several Federal Reserve officials indicated that ongoing labor market concerns support their view that rate cuts are forthcoming. Fed Governor Christopher Waller added that he believes the Fed should implement a cut at its next meeting.
•Meanwhile,Market expect the Reserve Bank of New Zealand to deliver two additional rate cuts, which would lower the cash rate to 2.50%, its weakest level since mid-2022.
• Immediate resistance is located at 0.5892(SMA 20), any close above will push the pair towards 0.5915(38.2%fib).
• Support is seen at 0.5818(61.8%fib)and break below could take the pair towards 0.5790(Lower BB).
Recommendation: Good to sell around 0.5870 with stop loss of 0.6630 and target price of 0.5820


FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral
FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts
NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs
GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align
FxWirePro: AUD/ USD eases as risk sentiment remains fragile
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites
FxWirePro:EUR/NZD dips below lower range, bearish bias increases
JPY Action Bias: Extremely Bullish Surge Ignites Across NZD, GBP & AUD
FxWirePro: GBP/USD under pressure despite UK's modest economic growth
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation 



