Seems there’s a lot of eyes on the Kiwi as it nudged just through the Sept 26 highs of 0.8366 (today’s high 0.8368). Strong housing data and card transaction data along with the Fonterra payout increase has helped the cause, but probably more relevant has been comments from the RBNZ recently which pointed to NO near term rate cuts.
There’s further resistance sitting up in the 0.8400/05 area (early March highs) followed by 0.8471 (Feb 29 high)
NZD’s presently at 0.8365
