NZD/USD: The New Zealand dollar rebounded from a 7-week low after a Caixin/Markit survey showed activity in China’s services sector picked up to a 14-month high in March. Moreover, report that the China-U.S. trade dispute might be close to a resolution supported investor risk sentiment. The Kiwi trades 0.4 percent up at 0.6784, having touched a low of 0.6738, its lowest level Feb. 13. 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 0.6719 (Feb. 12 Low), a break below could drag it below 0.6691 (Dec. 31 Low).
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