NZD/USD: a lack of domestic impetus, but eyes on Aussie jobs and the 0.74 handle

Currently, NZD/USD is trading at 0.7364, up 0.11% on the day, having posted a daily high at 0.7368 and low at 0.7354.

NZD/USD has been less impressive overnight in a minor recovery of the late London sell-off, mostly on dollar weakness. The bird was held up with NZD/JPY offers and a bid in the antipodean cross above 1.0815. However, while the bird maintains itself above the psychological 0.7350 mark, further recovery gains towards 0.7400 this week are possible.

When will Australia's labour force data be released and how could it affect AUD/USD?

NZD/USD 1-3 month:  

Analysts at Westpac expect that the Fed’s tightening cycle plus US fiscal expansion should eventually reassert upside pressure on US interest rates and the US dollar, pushing NZD/USD to 0.6800 by year end. US factors should outweigh local factors which are mostly supportive.

NZD/USD levels

Support: 0.7350, 0.7280, (11th July high), 0.7205/06 June 22/21 lows; 0.7186 June 15 low; 0.7150 June 5 high; 0.7127 June 6 low. On the wide, on a break below 0.7080/00 opens 0.6970. Resistance: 0.7387 recent highs and 0.7393 Nov. 9 high ahead of the 0.7400 objectives.