NZD/USD moves away from a two -week height, and declines to less than 0.6000 sign

• NZD/USD is struggled to take advantage of a modest height inside the day to more than two weeks.
• NZ and USD UPTICK jobs are modest in commercial optimism.
• Traders are now looking for a decisive FOMC decision before setting new directional bets.

The NZD/USD pair falls after an Asian session rises to the 0.6020-0.6025 region, or at the highest level in two weeks, and at the present time, it appears to have picked up a series of winning for three days. Immediate prices slide below 0.6000 psychological marks, reaching the lowest new daily level in the last hour amid a mixture of negative factors.

Global risk morale gets a strong boost after announcing the commercial talks of the United States of China in Switzerland this week. In addition, labor market statistics slightly better than New Zealand, which indicates that the unemployment rate is fixed at 5.1 % in the first quarter of 2025 compared to expectations for another small height, provided a modest batch to NZD/USD.

Additional details revealed that the number of working people increased by 0.1 % after a decrease of 0.2 % in the previous quarter. However, it turned out that the initial market reaction was not long as the small height in employment and a constant slowdown in wage growth keeps the door open for further cuts in the rate of interest rate by the New Zealand Reserve (RBNZ), and it may reach 2.75 % by the end of the year.

The expectations were reaffirmed more through the latest financial stability report for RBNZ, which highlighted the concerns that commercial disturbances have increased negative risks to local economic growth. Regardless of this, the USD height (USD) exerts some declining pressure on the NZD/USD pair. However, the US periodic bulls may choose to wait for the results of the FOMC meeting for two days.

The Federal Reserve (FED) is scheduled to announce its decision later on Wednesday, although the market concentration will be in the accompanying policy statement. Regardless of this, the statements of the Federal Reserve Chairman, Jerome Powell, will be examined at the press conference after preparing for signals on the broken path. This, in turn, will affect the US dollar request and provide a new payment force for NZD/USD.