NZD/USD weakens below 0.5800 on disappointing Chinese data, US NFP data in focus

The NZD/USD pair is trading in negative territory around 0.5775 during the early Asian session, marking the fourth consecutive day in the red. The disappointing Chinese economic data has exerted selling pressure on the New Zealand Dollar against the US Dollar, leading to a bearish sentiment. Investors are particularly focused on the upcoming US Non-Farm Payroll (NFP) data, which could influence market movements. Falling below the critical support level of 0.5800 has intensified selling pressure, suggesting further downside risks, especially if NFP results are below expectations which may lead to increased volatility in the currency pair.