After four days of going down, the Kiwi is flat today, hovering around 0.6103

NZD/USD posts light gains on a low-volatility day, ranging between 0.6095 – 0.6115 and is now at 0.6103.

United States Non Farm Payrolls data will be released today at 13:30 UTC, with an expected decline to 205,000.

Uptick comes while some more positive signs for the New-Zealand Dollar are out as Initial Jobless Claims in United States fell short of market expectations (195,000) with a reading of 211,000, continuing the decline from the previous figure of 190,000.

Meanwhile, New Zealand Business NZ PMI (Feb) released yesterday at 21:30 UTC with a figure of 52, while the previous figure was 50.8.

Elsewhere, other currency pairs are also gaining ground as EUR/JPY gained 0.45% and is currently trading at 144.7. Having closed the previous session at 136.16, USD/JPY is up 0.38% today to currently trade at around 136.68. Having closed the previous session at 162.32, GBP/JPY is up 0.39% today to currently trade at around 162.95.

Positive indicators for the New-Zealand Dollar are expected going forward as projections for United States Non Farm Payrolls are set for a continuation of decline with 205,000 while previous data was 517,000; data will be released today at 13:30 UTC.

Also worthy of note, United States Unemployment Rate figure is projected at 3.4. It previously stood at 3.4; data will be released today at 13:30 UTC.

The currency pair has been trending lower for about a month. After setting a supportive marker at 0.5566 around 4 months ago, the Kiwi is now trading 9.62% above this level.