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Chart - Courtesy Trading View
NZD/USD was trading 0.08% higher on the day at 0.6760 at around 10:30 GMT.
The pair is extending range trade for the 2nd consecutive session, finds strong support at 55-EMA.
Market sentiment remains dampened by global growth worries, denting the antipodeans.
Diminishing odds for a 50 bps Fed rate hike move in March held back the USD bulls from placing aggressive bets and cushion downside in the pair.
US ADP report and Fed Chair Jerome Powell's semi-annual testimony before the House Financial Services Committee will be in focus.
Geopolitical headlines amid the resumption of the Russia-Ukraine talks on Wednesday will impact price action.
Technical bias is in favour of the bulls. The pair finds stiff resistance at daily cloud. Break above will fuel further gains.
