JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger 
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI 
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum 
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains 
FxWirePro: NZD/USD edges lower, remains on back foot 
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch 
FxWirePro: AUD/USD dips after RBA Governor speech 
EUR/JPY Holds Bullish Bias as Euro Extends Recovery 
FxWirePro: USD/ CNY remains soft ahead of Fed decision 
FxWirePro: USD/ZAR retreats but trend is still bullish 
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path 
NZD/USD chart - Trading View
NZD/USD was trading 0.08% higher on the day at 0.6970 at around 05:40 GMT.
The major is extending marginal gains ahead of crucial US non-farm payrolls data, however, upside lacks traction.
Technical indicators support weakness. Price action has failed to extend gains above 200-DMA.
Upside remains capped at 5-DMA which is biased lower. Momentum is also bearish. Volatility is high.
Price action is below 200H MA. Analysis of GMMA indicator shows major and minor trend are strongly bearish on the daily charts.
U.S. NFP is expected to rise from 559K to 690K in June. Markets expect US unemployment rate to drop from 5.8% to 5.6%.
Should the jobs report portray strong recovery in the US labor conditions, the push for Fed’s monetary policy adjustments will be stronger and favor the USD bulls.
The pair is on track to test major trendline support at 0.6915. 5-DMA is immediate resistance at 0.6988. Bearish invalidation above 200-DMA.
