Chart - Courtesy Trading View
NZD/USD was trading 0.33% higher on the day at 0.6882 at around 10:00 GMT.
The pair hit 4-month highs at 0.6925 before paring some gains to slips lower.
Price action finds stiff resistance at 200-DMA at 0.6928, break above will fuel further gains.
The pair has broken above daily cloud and momentum is strongly bullish. Scope for further upside.
The antipodeans buoyed as war in Ukraine and potential ban on Russian crude supplies sent oil prices spiking.
The International Monetary Fund (IMF) warned in a weekend report that Russia-Ukraine conflict escalation would cause 'devastating' economic damage.
Key central banks will now have to balance tightening monetary policy to curb inflation without impacting economic growth and risky assets.
Focus now on the U.S. consumer price index data which is scheduled for release on Thursday for further impetus.
