Broad USD strength on Monday drags the pair lower. U.S. – China trade optimism helps NZD limit its losses. RBNZ is scheduled to release its monetary policy statement on Wednesday. The NZD/USD pair rebounded modestly in the early Asian session but lost its traction and turned negative on the day in the second half of the day. Toward the end of the NA session, the pair is trading at 0.6735, losing 0.15% on the day. Hopes of the U.S. and China coming to a trade agreement ahead of March 1 deadline helped the kiwi stay relatively resilient against the buck especially when compared to major European currencies such as the euro and the GBP. Earlier today, Â White House senior adviser Kellyanne Conway told Fox News that President Trump could meet Chinese President Xi “very soon” and added that sides were getting closer to a trade deal. Nevertheless, the US Dollar Index’s impressive rally, which is now in its eighth day, didn’t allow the pair to move back into the positive territory. At the moment, the DXY is up 0.43% on the day at 97.06, looking to post its highest daily close of 2019. Later his week, the RBNZ is scheduled to announce its interest rate decision and release the monetary policy statement. Previewing the event, “We expect the Bank to reiterate a steady approach. If the RBNZ were to deviate it would be to the dovish side. We wouldn’t be surprised if the previously implied tightening was delayed for up to six months with a nod to the increase in international risks,” the NAB Research team noted in a recently published report. Key technical levels NZD/USD Overview: Â Â Â Â Today Last Price: Â 0.6735 Â Â Â Â Today Daily change %: Â -0.15% Â Â Â Â Today Daily Open: Â 0.6749 Trends: Â Â Â Â Daily SMA20: Â 0.6813 Â Â Â Â Daily SMA50: Â 0.6799 Â Â Â Â Daily SMA100: Â 0.6724 Â Â Â Â Daily SMA200: Â 0.6757 Levels: Â Â Â Â Previous Daily High: Â 0.6767 Â Â Â Â Previous Daily Low: Â 0.6729 Â Â Â Â Previous Weekly High: Â 0.6907 Â Â Â Â Previous Weekly Low: Â 0.6729 Â Â Â Â Previous Monthly High: Â 0.694 Â Â Â Â Previous Monthly Low: Â 0.6516 Â Â Â Â Daily Fibonacci 38.2%: Â 0.6744 Â Â Â Â Daily Fibonacci 61.8%: Â 0.6752 Â Â Â Â Daily Pivot Point S1: Â 0.673 Â Â Â Â Daily Pivot Point S2: Â 0.671 Â Â Â Â Daily Pivot Point S3: Â 0.6692 Â Â Â Â Daily Pivot Point R1: Â 0.6768 Â Â Â Â Daily Pivot Point R2: Â 0.6786 Â Â Â Â Daily Pivot Point R3: Â 0.6806 Â 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 S&P500 Technical Analysis: Bulls keep the market above 2,700.00 figure FX Street 3 years Broad USD strength on Monday drags the pair lower. U.S. - China trade optimism helps NZD limit its losses. RBNZ is scheduled to release its monetary policy statement on Wednesday. The NZD/USD pair rebounded modestly in the early Asian session but lost its traction and turned negative on the day in the second half of the day. Toward the end of the NA session, the pair is trading at 0.6735, losing 0.15% on the day. Hopes of the U.S. and China coming to a trade agreement ahead of March 1 deadline helped the kiwi stay relatively resilient against the buck… 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.