• NZD/USD drifted lower on Monday as dollar began the week on a strong after Fridays blowout U.S. jobs report.
• The upbeat jobs report on Friday supported the Fed's cautious stance toward further policy easing this year.
• Investors will closely watch the monthly U.S. consumer price index date due later in the week. Several Fed officials are also scheduled to speak this week.
• At (GMT 06:53) Kiwi dollar was trading at down 0.07% to 0.5552 against the U.S. dollar.
• Immediate resistance is located at 0.5592(38.2%fib), any close above will push the pair towards 0.5635(50%fib).
•Support is seen at 0.5542 (23.6%fib) and break below could take the pair towards 0.5522(Lower BB).
Recommendation: Good to sell around 0.5570 with stop loss of 0.5650 and target price of 0.5500
