Chart - Courtesy Trading View
NZD/USD was trading 0.14% lower on the day at 0.6814 at around 08:00 GMT.
The pair is struggling to extend break above daily cloud, finds stiff resistance at 200-DMA.
Price action is slipping lower for the 2nd consecutive session, has formed a Doji on the daily candle for now.
Stochs and RSI are on verge of bearish rollover from oversold levels. GMMA indicator shows bearish shift of minor trend on the hourly charts.
Souring market mood amid little progress in the peace talks between Ukraine and Russia dents the antipodeans.
Also, fears of a major inflationary shock weighed on investors' sentiment and benefitted the safe-haven USD.
Developments surrounding the Russia-Ukraine saga and the US bond yields will influence price action.
Further gains only on decisive break above 200-DMA. On the flipside, breach below daily cloud will plummet prices.
