Friday’s US Dollar weakness favors Kiwi buyers to keep the quote above 0.6860 support. Comments from Fed policymakers could direct immediate trade sentiment with 0.6900 likely being in focus. NZD/USD is taking the bids around 0.6875 at the start of Asian sessions on Monday. The quote maintains its bounce from 0.6860 resistance-turned-support with fewer data/events on hand carrying Friday’s sentiment forward. The US Chicago Fed national activity index and speeches by the Fed’s Charles Evans and Patrick T Harker can offer fresh impulse to traders. In spite of failing to surpass a downward sloping trend-line stretched since June 2018, the NZD/USD pair didn’t slip under descending support (previous resistance) that connects February high and is near to 0.6860. Friday’s sluggish prints of the US Markit PMI’s, coupled with inverting yield curves, helped Kiwi buyers lurk around 0.6860. The Markit composite purchasing manager index (PMI) for the US fell to 54.3 versus 55.5 prior for March whereas manufacturing PMI posted a soft figure of 52.5 against 53.6 forecast. It should also be noted that the US yield curve marked the inverted spread between the 3 month and 10 year notes for the first time since the great financial crisis that led investors off from the greenback. With fewer catalysts on hand, traders may now concentrate on scheduled speeches from the US Fed policymakers, including the Federal Reserve Bank of Chicago President Charles Evans and Patrick T Harker, the eleventh president and chief executive officer of the Third District Federal Reserve Bank, at Philadelphia. Evans is scheduled to give two appearances namely at 01:45 AM and 06:00 AM whereas Harker is up for speaking at 10:30 AM GMT. Charles Evans is a dove while Harker appears less in public making both their speeches important for the US Dollar traders. At the data front, February month Chicago Fed national activity index will be released at 12:30 GMT with previous month figure being at -0.43. NZD/USD Technical Analysis Unless declining beneath 0.6860 support-turned-resistance line joining February month highs, the NZD/USD pair continues to signal the return of 0.6900 mark. However, a longer-term trend-line resistance, at 0.6920, can challenge buyers afterward. Meanwhile, a downside break of 0.6860 highlights 0.6825 and 0.6800 supports with an ascending trend-line that joins lows since January 22 likely limiting further downside near 0.6760. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD continues to bleed below a mild-bearish 20 DMA FX Street 4 years Friday's US Dollar weakness favors Kiwi buyers to keep the quote above 0.6860 support. Comments from Fed policymakers could direct immediate trade sentiment with 0.6900 likely being in focus. NZD/USD is taking the bids around 0.6875 at the start of Asian sessions on Monday. The quote maintains its bounce from 0.6860 resistance-turned-support with fewer data/events on hand carrying Friday's sentiment forward. The US Chicago Fed national activity index and speeches by the Fed's Charles Evans and Patrick T Harker can offer fresh impulse to traders. In spite of failing to surpass a downward sloping trend-line stretched since June 2018, the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.