NZD/USD manages to regain some traction amid persistent USD selling bias. The uptick seems unaffected by the coronavirus-led selloff in equity markets. Investors now look forward to the US NFP report for some respite for the USD. The NZD/USD pair reversed an early Asian session dip to sub-0.6300 levels and jumped to near two-week tops, around the 0.6345 region in the last hour. Following the previous session’s two-way moves, the pair managed to regain some positive traction on the last trading day of the week. The uptick was sponsored by the prevailing strong bearish sentiment surrounding the US dollar and seemed unaffected by a fresh wave of the global risk-aversion trade. Weaker USD remains supportive The greenback added to its recent losses and remained under some heavy selling pressure in the wake of a plunge in the US Treasury bond yields to record lows. The coronavirus-led selloff across global equity markets was seen boosting demand for more stable investments – like the US government debt. Moreover, concerns about the economic impact of the virus outbreak now seemed to have forced investors to start pricing in another 50 bps rate cut by the Fed on March 18. This further aggravated the fall in the bond yields and exerted some additional downward pressure on the greenback. It, however, remains to be seen if the pair is able to capitalize on the positive move or meets with some fresh supply at higher levels. Market participants now look forward to Friday’s important release of the US monthly jobs report, which might provide a fresh impetus and produce some meaningful trading opportunities. Technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: In 6 months highs – Commerzbank FX Street 3 years NZD/USD manages to regain some traction amid persistent USD selling bias. The uptick seems unaffected by the coronavirus-led selloff in equity markets. Investors now look forward to the US NFP report for some respite for the USD. The NZD/USD pair reversed an early Asian session dip to sub-0.6300 levels and jumped to near two-week tops, around the 0.6345 region in the last hour. Following the previous session's two-way moves, the pair managed to regain some positive traction on the last trading day of the week. The uptick was sponsored by the prevailing strong bearish sentiment surrounding the US dollar and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.