Chart - Courtesy Trading View
NZD/USD was trading 0.29% lower on the day at 0.6953 at around 08:00 GMT.
The pair from multi-month peak amid strong US dollar. Russia-Ukraine stand-off and Fed’s hawkish outlook keep the USD bid.
Apart from macro data, focus will remain on fresh geopolitical developments and US President Joe Biden's meeting with NATO/European leaders.
On the data front, markets await US flash PMI prints, Durable Goods Orders and the Weekly Initial Jobless Claims for direction.
Technical bias for the pair remains bullish. Price action is above major moving averages which are trending higher.
Weekly Ichimoku cloud offers stiff resistance at 0.6955, break above will propel the pair higher.
On the flipside, 200-DMA is major support at 0.6909, retrace below will dent further gains in the pair.
