NZD/USD: traders await for Friday volatility, pretty much guaranteed. NZD/USD: made a high of 0.6798 overnight, having drifted steadily higher in markets from 0.6750. NZD/USD has been consolidating in a tight range as the market remains somewhat thin due to the 4th July holidays and traders preferring to cross their arms ahead of the nonfarm payrolls event. NZD/USD was pretty much unfazed by the cautious tone surrounding the FOMC minutes and sits pretty tucked in just below the 0.68 handle at 0.6787 currently. NZD/USD has made a high of 0.6798 overnight, having drifted steadily higher in markets from 0.6750. As analysts at ANZ noted that the FOMC minutes passed by without too much fanfare, although there were a couple of elements (trade uncertainty and yield curve shape) that participants are watching. “Ultimately though, trading ranges have again been tight and we expect that to remain the case today ahead of tonight’s non-farm payrolls release,” the analysts argued. All eyes on Friday’s showdown Meanwhile, all eyes are set on not only the nonfarm payrolls showdown but indeed, there are plenty of cautionary tones in the market around the Chinese/EU and US tariff wars where US/China tariffs are due to kick in tomorrow. However, there have been somewhat sweetened headlines that a U.S. official reportedly offered a “zero solution” to car tariffs that could see the U.S. stop its threats to impose such duties in exchange for the European Union eliminating its levies. Nonfarm Payroll preview: tariffs could overshadow employment data NZD/USD levels 0.6680 is the key support while 0.6850 is the first key upside target on a continuation of the reversal through the 200-hr SMA at 0.6785 where the price is holding above. Only a break above 0.6850 would alleviate the downside pressures and eyes remains towards 0.6675. On the wide, while below the key 200-month moving average resistance at 0.7007 longer term technicals remain bearish. 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 Asian open: markets traded with a moderately upbeat tone – TDS FX Street 4 years NZD/USD: traders await for Friday volatility, pretty much guaranteed. NZD/USD: made a high of 0.6798 overnight, having drifted steadily higher in markets from 0.6750. NZD/USD has been consolidating in a tight range as the market remains somewhat thin due to the 4th July holidays and traders preferring to cross their arms ahead of the nonfarm payrolls event. NZD/USD was pretty much unfazed by the cautious tone surrounding the FOMC minutes and sits pretty tucked in just below the 0.68 handle at 0.6787 currently. NZD/USD has made a high of 0.6798 overnight, having drifted steadily higher in markets from 0.6750. As… Top 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.