NZD/USD Holds Above 0.6000 Despite US Dollar Recovery on Strong Jobs Data

NZD/USD Price Outlook: Bulls Remain in Control Above 0.6000 Support

Kiwi Holds Firm Near 0.6000 Despite US Dollar Strength

The NZD/USD pair has managed to stay afloat above the key 0.6000 support level on Wednesday, despite a slight resurgence in the US Dollar (USD) following upbeat US job openings data. The broader bullish trend in the Kiwi remains intact for now.

Technical Picture Remains Bullish Above 0.5990

Technical support levels continue to hold:

• Immediate support: 0.5990
• Secondary support: 0.5925
• Key downside level: 0.5890

These zones have attracted buyers and kept the bullish momentum alive, even after the retreat from year-to-date highs near 0.6050.

US Jobs Data Lifts Dollar But Tariff Uncertainty Limits Upside

The JOLTS Job Openings report surprised to the upside, showing 7.39 million openings in April vs. the forecast of 7.1 million. This provided temporary relief for the Greenback and reduced some near-term concerns around US debt and tariff pressures.

However, with the "Sell America" theme still lingering amid ongoing trade tensions, further USD upside may be limited—offering support to NZD/USD in coming sessions.

Related Reading: US Tariffs and Their Impact on Currency Markets

Internal Link Suggestions:

• Live NZD/USD Technical Chart
• Kiwi Dollar Weekly Forecast
• JOLTS Data and Forex Reaction