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Chart - Courtesy Trading View
NZD/USD was trading 0.08% higher on the day at 0.6567 at around 08:50 GMT.
The pair has erased early gains, slips lower from session highs at 0.6590, outlook remains bearish.
News of easing of lockdowns in some major Chinese districts buoyed sentiment, supporting the antipodeans.
On the data front, China’s Industrial Profits grew by 5% during the January-February period, according to the National Statistics Bureau (NBS).
The major faded initial gains as kiwi remains under increased pressure from risk aversion and growing geopolitical tensions.
As negative sentiment is likely to persist due to escalating situation with economic and political impact from the war in Ukraine, upticks are likely to be limited.
Little support seen till 0.6529 (Jan 28th low). The pair is poised to test new lows for the year on break below.
