NZD/USD is rising for the third straight day on Thursday. US Dollar Index is posting modest gains above 97.00. Unemployment Rate in the US fell to 11.1% in June. The NZD/USD pair advanced to its highest level since June 11th at 0.6537 during the early trading hours of the American session on Thursday but struggled to preserve its bullish momentum. As of writing, the pair was trading at 0.6510, gaining 0.55% on the day and remaining on track to close the third straight day in the positive territory. DXY recovers in the second half of the day Earlier in the day, the risk-on market environment weighed on the USD and allowed NZD/USD to gain traction. After the data from the US showed an impressive increase in Nonfarm Payrolls (NFP), risk-on flows continued to dominate the markets and the pair stretched higher. The US Bureau of Labor Statistics announced that NFP surged by 4.8 million in June. This reading beat the market expectation of 3 million by a wide margin. Moreover, the Unemployment Rate dropped from 13.3% in May to 11.1%. However, the latest coronavirus figures from the US forced investors to turn cautious and allowed the US Dollar Index (DXY) to stage a rebound. Confirmed number of COVID-19 cases in Florida rose more than 10,000 on Thursday to post the one-day increase since the start of the pandemic. With the DXY climbing to 97.30 area on this headline, the pair started to pull away from its highs. There won’t be any macroeconomic data releases from New Zealand on Friday and the pair is likely to stay in a consolidation phase as US markets will be closed due to the Independence Day holiday. Technical levels to watch for 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 USD/CHF Price Analysis: Breach of 0.9420/30 support would activate an H&S pattern FX Street 3 years NZD/USD is rising for the third straight day on Thursday. US Dollar Index is posting modest gains above 97.00. Unemployment Rate in the US fell to 11.1% in June. The NZD/USD pair advanced to its highest level since June 11th at 0.6537 during the early trading hours of the American session on Thursday but struggled to preserve its bullish momentum. As of writing, the pair was trading at 0.6510, gaining 0.55% on the day and remaining on track to close the third straight day in the positive territory. DXY recovers in the second half of the day Earlier in the… 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.