Big 50-pip rally in NZD/USD in the past hour or so.
The pair broke through last week’s high to 0.8256 — the highest since Oct 5. If the October high of 0.8266 gives way, then this pair could tag on another cent.
Before NZD/USD gets a chance at a run higher, NZD/JPY will need to break 66.18. which is just a few pips away.
