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Chart - Courtesy Trading View
NZD/USD was trading 0.11% lower on the day at 0.6896 at around 08:45 GMT.
The pair finds stiff resistance at 200-DMA at 0.6910, decisive break above required for upside continuation.
NZIER Consensus Forecasts show an upward revision to the near-term growth outlook for the New Zealand economy, but softer growth is forecast for the subsequent year.
New Zealand's trade deficit widened in in February. Trade Balance dropped to $-837B from $-7.77B prior but improved on MoM to $-385M versus $-1126M previous readouts.
The Imports declined to $5.88B from $5.92B prior whereas Exports rose past $4.88B previous readings to $5.49B.
Ukraine-led woes escalate as Russia pushes for surrendering Mariupol, keeping the antipodeans under pressure.
Technical bias for the pair is bullish. Watch out for break above 200-DMA for upside continuation.
