NZD/USD chart - Trading View
NZD/USD was trading 0.73% higher at 0.61 handle at around 06:40 GMT, scope for further gains.
Kiwi remains bid after upbeat New Zealand trade figures released overnight. A weak US dollar also underpins spot.
New Zealand’s March month headline Trade Balance grew from a revised down $531M to $672M on MoM versus $-3.46B actual and $-3.3B prior on YoY.
Further details show the Imports rose from $4.34B (revised) to $5.14B, while Exports also rose from $4.87B to $5.81B.
Cautious market sentiment ahead of the crucial GDP data and FOMC meeting keep the dollar under pressure.
The initial estimate of US Gross Domestic Product for the first quarter is projected to show an annualized contraction of around 4%.
The Federal Reserve will probably leave its interest rates unchanged. Focus will be on forecasts for growth, inflation, employment, and interest rates, as well as the tone by Jerome Powell.
NZD/USD price has broken above daily cloud and technical indicators support upside. Scope for test of 110-EMA at 0.6228 ahead of 61.8% Fib at 0.6264.


FxWirePro- Major European Indices
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
China's Refining Industry Faces Major Shakeup Amid Challenges
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: EUR/AUD eases slightly but trend is still bullish
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
FxWirePro- Major Crypto levels and bias summary
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro- Major Crypto levels and bias summary 



