NZD/USD hit 0.8503 during late Asian trade, the session low; the pair subsequently consolidated at 0.8506, sipping 0.09%.The pair was likely to find support at 0.8462, the low of August 1 and resistance at 0.8557, the high of July 29.On Friday, official data showed that the U.S. economy added 209,000 jobs in July, below forecasts for jobs growth of 233,000. The previous month’s figure was revised up to a gain of 298,000 from a previously reported increase of 288,000.A separate report showed that job advertisements in Australia rose 0.3% in July, after a 4.4% increase in May, whose figure was revised up from a previously estimated 4.3% gain.
RECOMMENDATION :
1. Buy NZD/USD Above 0.8530 TG: 0.8545/ 0.8565 SL 0.8510
2. Sell NZD/USD Below 0.8575 TG: 0.8560/0.840 SL 0.8595
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