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.


US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Stock Futures Dip as Investors Await Key Payrolls Data
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
Energy Sector Outlook 2025: AI's Role and Market Dynamics
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
Urban studies: Doing research when every city is different
China’s Growth Faces Structural Challenges Amid Doubts Over Data 



