DXY stages a modest recovery in the last hour. Wall Street extends gains as trade fears ease. NZD/USD remains on track to wrap up the week in the positive territory. The NZD/USD pair advanced to a 10-day high at 0.6840 as the greenback came under pressure following the NFP report in the early NA session. However, the pair is now having a difficult time stretching higher as the US Dollar Index starts retracing its losses. The report released by  the U.S. Bureau of Labor Statistics on Friday revealed that  the total nonfarm payroll employment increased by 213,000 in June while the unemployment rate rose to 4.0% from 3.8% in May. Further details of the report showed that the labor force participation rate inched higher to 62.9%, and the average hourly earnings grew by 0.2% to match the May reading and to fall short of the market estimate of 0.3%. After dropping all the way down to 93.63, the US Dollar Index gained traction in the last hour and was last seen at 93.80, where it was down 0.35% on the day. This recent modest rally seems to have been caused by a profit-taking at the London close. In the meantime, major equity indexes are pushing higher in the session as trade fears continue to lose their impact on the market sentiment, which help the  risk-sensitive kiwi stay resilient against the buck. Wall Street’s fear gauge, the CBOE Volatility Index (VIX), was last seen down nearly 10% on the day.  Technical levels to consider The immediate resistance for the pair aligns at 0.6840 (daily high) followed by 0.6915 (50-DMA), and 0.7000 (psychological level). On the downside, supports are located 0.6780 (daily low), 0.6735 (Jun. 29 low) and 0.6685 (Jul. 4 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 Ethereum Technical Analysis: ETH/USD set for further failure as price just can’t break free from deadly descending wedge FX Street 4 years DXY stages a modest recovery in the last hour. Wall Street extends gains as trade fears ease. NZD/USD remains on track to wrap up the week in the positive territory. The NZD/USD pair advanced to a 10-day high at 0.6840 as the greenback came under pressure following the NFP report in the early NA session. However, the pair is now having a difficult time stretching higher as the US Dollar Index starts retracing its losses. The report released by  the U.S. Bureau of Labor Statistics on Friday revealed that  the total nonfarm payroll employment increased by 213,000 in June while… 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.