NZD/USD Holds Above 0.6000 Despite US Dollar Recovery on Strong Jobs Data
By tredu.com • 6/4/2025
Tredu
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
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