• NZD/USD regain some footing on Monday as kiwi dollar was supported by increased risk sentiment and upbeat economic data from China .
• China's factory activity picked up pace in February, boosted by stronger supply and demand, including a rebound in export orders, according to a private-sector survey released on Monday.
• The Caixin/S&P Global manufacturing PMI increased to 50.8 in February from 50.1 in January, reaching a three-month high and surpassing analysts' expectations.
• At GMT 06:30, The kiwi dollar was last trading up 0.15% to $0.5598 , after falling 2.5% the previous week .
• Immediate resistance is located at 0.5608(38.2%fib), any close above will push the pair towards 0.5650(50%fib).
• Support is seen at 0.5566(Lower BB) and break below could take the pair towards 0.5544(23.6%fib).
Recommendation: Good to sell around 0.5610 with stop loss of 0.5670 and target price of 0.5530
