Some good news for New Zealand traders to start their day and NZD/USD quickly ticks about 10 pips higher.

Separately, New Zealand capacity utilization 91.9% vs 90.6% previously.

The market isn’t a huge fan of the kiwi but NZD/USD has laid down a solid base and the upside with a stop near 0.7600 is enticing.

NZDUSD

NZDUSD