NZD/USD hanging near the lows as recovery falters

• The Kiwi can't seem to build a strong correction from earlier's haven sprint.
• The broad market has turned to NFP Friday.

The NZD/USD is struggling to develop moment in either direction, continuing to hang near 0.7260 after tumbling on renewed risk aversion following the US' announcement that President Trump is seeking additional tariffs against China.

The Kiwi is out of data on the economic calendar for this week, and traders are focused on the Non-Farm Payrolls report dropping at 12:30 GMT. The jobs report is expected to show a poorer number than the previous reading, but traders are also focused on the wage growth figures buried within the report as the US Fed ponders extra rate hikes this year.

NZD/USD Levels to watch

The Kiwi's technical outlook remains unchanged heading into the final trading session of the week, and as FXStreet's own Haresh Manghani noted earlier, "any subsequent retracement is likely to find support near the 0.7240 level, below which the pair seems vulnerable to head back towards the 0.7200 handle en-route the very important 200-day SMA support near the 0.7185 region. On the flip side, momentum back above the 0.7300 handle is likely to confront some fresh supply near the 0.7330 level, which if cleared might trigger a short-covering bounce and continue lifting the pair further towards the 0.7400 handle."