NZD/USD holds near 0.69 as USD struggled to recover. Markit will release manufacturing and service sectors PMI data from the U.S. Encouraging tourism data from New Zealand helps kiwi gather strength. Following its steady recovery in the NA session on Thursday, the NZD/USD pair started the day on a positive note and extended its upside above the 0.69 mark before going into a consolidation in the second half of the day on Friday. As of writing, the pair was moving sideways near the 0.69 mark and was up 0.5% on the day. Earlier today, the data from New Zealand showed that visitor arrivals, which showed a 9% contraction in April, came in at +6.2% on a yearly basis in May to help the kiwi preserve its bullish momentum. On the other hand, the greenback continues to have a difficult time finding demand as buyers seem to have lost their control over the USD valuations after the US Dollar Index repeatedly failed to stay above the 95 mark. Later in the session, Markit is going to release the PMI data for the manufacturing and service sectors in the United States and positive figures could help the DXY retrace a part of its daily gains and end the week near its starting point of 94.54. Technical outlook On the back of today’s upsurge, the RSI indicator on the daily graph continued to march higher toward the 50 mark, suggesting that the bearish pressure continues to lose its strength. On the upside, resistances could be seen at 0.6940 (Jun. 19 high), 0.6970 (50-DMA) and 0.7000 (psychological level). Near-term supports align at 0.6865 (daily low), 0.6800 (psychological level) and 0.6775 (Nov. 17 low). 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 US: At 54.6, Manufacturing PMI showed slowest improvement since Nov. 2017 – Markit FX Street 5 years NZD/USD holds near 0.69 as USD struggled to recover. Markit will release manufacturing and service sectors PMI data from the U.S. Encouraging tourism data from New Zealand helps kiwi gather strength. Following its steady recovery in the NA session on Thursday, the NZD/USD pair started the day on a positive note and extended its upside above the 0.69 mark before going into a consolidation in the second half of the day on Friday. As of writing, the pair was moving sideways near the 0.69 mark and was up 0.5% on the day. Earlier today, the data from New Zealand showed… 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.