Kiwi traders reacted on Trump talking down the U.S. dollar on Tuesday evening and bought/covered the pair up to 0.7015. Overall, the prospect of lower interest rate differentials still weighs and there was no hurry to lift it much higher.

0.70 - 0.7025 is the initial resistance and, if buying continues, the range could be extended to somewhere between 0.7090 and 0.7125. It may perhaps rally further after French election, if U.S. dollar weakness continues and RBNZ doesn't turn dovish.

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