Once again last week the New Zealand dollar was the top performer as it presses against the 2011 high. The Canadian dollar was also solid performer until Friday’s jobs report cuts its legs out.
Technically the pair cruised through the downtrend since May and now faces the March-May downtrend along with the June high.
NZD/CAD daily chart
The strong performance of the New Zealand dollar in a week where stocks declined is extremely impressive.
