NZD/USD catches a ride as China's Xi lifts market sentiment

• Risk-on sweeps the Asiatics as China's Xi Jinping delivers a decidedly measured response to ongoing tariff threats.
• The Kiwi has a limited showing on the macro calendar this week, and ther3e's still plenty of pitfalls for market sentiment to fall into.

The Kiwi caught a lift thanks to surprisingly measured remarks from China's Xi Jinping, and the pair lifted to 0.7330 as markets go risk-on mode.

The NZD/USD got a boost when the NZIER Business Confidence indicator printed better than expected, at -11 percent versus the previous -12 percent decline, but the real market drive came when China's President, Xi Jinping, delivered surprisingly on-balance statements regarding the latest round in the tit-for-tat tariff spat embroiling China and the US currently.

China President Xi: Should push for free trade

There's little else on the macro calendar for the Kiwi this week, except for low-tier Electronic Card Sales data late Wednesday at 22:45 GMT, and markets are primed for some bullish optimism thanks to China's Jinping.

NZD/USD Levels to watch

With a bullish continuation from Monday's lift taking shape, the Kiwi is set to challenge immediate resistance at March's high at 0.7355, with further resistance from February's high near 0.7435, while a bearish correction from here will be free to sink to the bottom of the Kiwi's 0218 range near the 0.7200 handle, with mid-March's swing low at 0.7150 providing further support.