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08.01.2025 02:28 PM
Today, the NZD/USD pair halts the previous day's pullback from its near three-week high but struggles to attract buyers. Traders are reluctant to open new positions, preferring to wait for the release of the FOMC meeting minutes. Additionally, today's U.S. labor market data—featuring the ADP private-sector employment report and weekly initial jobless claims—adds to the cautious sentiment.
From a technical perspective, daily chart oscillators remain firmly in negative territory and are not yet oversold. Thus, the path of least resistance for the NZD/USD pair remains to the downside.
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