NZD/USD: The New Zealand dollar slumped to a 3-1/2 week low after data showed domestic business confidence fell in the first quarter, indicating softer growth in the first half of the year and consolidating expectations of an interest rate cut. The Kiwi trades 0.3 percent down at 0.6780, having touched a low of 0.6771, its lowest level Mar. 8. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6827 (Mar. 5 High), a break above could take it near 0.6874 (Mar. 18 High). On the downside, support is seen at 0.6752 (Mar. 6 Low), a break below could drag it below 0.6719 (Feb. 12 Low).
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