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It was a good day for commodity currencies and Kiwi was no exception. It rose to the upper extreme of the February range between 0.6550 and 0.6750.
The pair is currently holding above 50, 100, 200 DMA and 2014 - 2015 trendline, which may encourage buyers to lift it above the aforementioned range and towards 0.69 - 0.70 in the days ahead.
The pair is currently holding above 50, 100, 200 DMA and 2014 - 2015 trendline, which may encourage buyers to lift it above the aforementioned range and towards 0.69 - 0.70 in the days ahead.
