The NZD/USD pair has risen to around 0.5940, retracing losses from the previous session during European trading hours on Friday. While the New Zealand dollar shows signs of recovery, the upside potential may be limited as easing US trade tensions provide support for the US dollar. Traders should be mindful of these dynamics as they position themselves ahead of crucial economic announcements. Monitoring the upcoming Non-Farm Payrolls report will be vital, as it may influence the trading strategy for this currency pair.