NZD/USD To Trade With Bullish Bias

NZD/USD to trade with bullish bias. Pair underpinned by NZD demand for long-NZD carry trades on stronger investor risk appetite, firmer commodity prices, lingering effect from higher Fonterra milk auction prices. But NZD/USD gains tempered by caution before U.S. jobs data, positions adjustment before weekend. NZD/USD daily chart positive-biased as MACD & stochastics bullish. Resistance at 0.7178 (yesterday''''s high); breach would target 0.7192 (Aug. 18 high), then 0.7246 (Aug. 11 high) and 0.7344 (Aug. 6 high). Support at 0.7093 (yesterday''''s low); breach would expose downside to 0.6983 (Wednesday''''s low), then 0.6962 (Tuesday''''s low), 0.6944 (Aug. 25 low) and 0.6882 (July 7 low).