The New Zealand dollar is slightly weaker this morning when valued against the Greenback, down 0.17 percent in the last 24 hours, reaching a low of 0.6744. Overnight we saw risk-off moves as European, and UK officials are pessimistic about the chances of a breakthrough in Brexit talks. The Euro currency suffered one of its worst days as the ECB significantly cut its growth and inflation forecasts and shifted out the timing of any policy tightening measures.
On the release front today, we saw quarterly Manufacturing Sales which came in at -0.5 percent. Today, the US employment report will be the key focus for the market, which is expected to show robust employment growth. However, job growth didn't meet expectations.
From a technical perspective, the NZD/USD pair is currently trading at 0.6754. We continue to expect support to hold on moves approaching 0.6740 while now any upward push will likely meet resistance around 0.6800.