NZD/USD trades lower near the 0.5900 level at the time of writing, with no New Zealand catalyst behind the move. The US Dollar Index (DXY) is up 0.26% near the 100.00 level, and the Kiwi is simply on the wrong side of it. US Nonfarm Payrolls follow on Friday, with the consensus at 80K after June's 57K and average hourly earnings seen up 0.3% on the month. A firm wage print would extend the Greenback's recovery and leave the kiwi squeezed from both directions. (The technical analysis of this story was written with the help of an AI tool.