The direction of the NZD/USD on Thursday is likely to be determined by trader reaction to yesterday's close at .6426. The New Zealand Dollar is edging lower on Thursday after yesterday’s rally to .6444 stopped just short of the March 9 main top at .6448. The price action suggests investors are squaring positions ahead of a key announcement about stimulus by the European Central Bank later in the day. Mixed demand for risk in Asia is also weighing on the Kiwi.