NZD/USD: Bulls attacking 0.7300 resistance ahead of Fed’s Rosengren and Evan speech

• Fed’s Rosengren and Evan to speak at 17.40 and 17.45 GMT. 
• Spectacular NPF 313k vs 200k, but the market focus was on average earnings which disappointed.

The NZD/USD is trading at around 0.7290 up 0.32% on the day so far. The main event of the day being the NFP coming up at 313k vs 200k expected and the disappointment in the average hourly earning numbers. This data was closely watched by the market but it came at 2.6 vs 2.8 expected y/y. Although the NFP readings were spectacular the US Dollar Index is trading lower on the day. On the employment report announcement, after an initial spike at 90.36, the bears sold aggressively all the way down to the 90 support to stabilize at 90.07 at the time of writing. 

Next potential market mover is the US inflation data set with the CPI on March 13 at 12.30 GMT. New-Zealand GDP is scheduled on March 14. 

Coming up next on Friday, the Federal Reserve Bank of Boston President Rosengren is scheduled to speak at 17.40 GMT, closely followed by Fed's Evans Speech at 17.45 GMT.

NZD/USD daily chart

The 0.7300 is probably the line in the sand that the bulls need to overcome if they hope to reach the next resistance level seen at 0.7350 which was a previous supply/demand zone. If they are strong enough they could reach the 0.7450 cyclical high. Immediate support is seen at 0.7250 which held the market those last three days. Followed by 0.7200 figure with the 200 DMA and the cyclical low.