NZD/USD inching towards 0.7350

• The NZD is strongly bid despite trade wars taking the top off of other risk assets on Wednesday.
• The Kiwi is strongly support against the Greenback through early 2018, refusing to fall.

The NZD/USD is continuing to grind higher, trading near 0.7315 after bidding consistently in yesterday's action.

The Kiwi was unfazed by ongoing geopolitical turmoil that has gripped global markets as the US and China continue to hurl tariffs at each other, and the NZD/USD outperformed the other major currency pairs, climbing 1.2 percent so far on the week as the NZD finds itself better bid by global dairy prices and an unexpected budget surplus from the New Zealand government paving the way.

The Kiwi is now settled in with no macro events on the calendar, outside of the low-tier ANZ Commodity Price figures for March due early Thursday at 01:00 GMT, which last printed growth of 2.8 percent for ANZ's commodities basket.

NZD/USD Levels to watch

As FXStreet's own Ross Burland noted about the NZD/USD's technical outlook, "the break of the descending daily resistance line is a positive for bulls and the subsequent rally through the 50-D SMA came with the spike in RSI and momentum behind the move.
That break and hold above the 21-day MA at 0.7256 now makes this level as a support.The next target above the 0.7300 double top area opens 0.7450. A deeper support comes in at the March 21 trend low at 0.7156."