Kiwi gets a bump

Kiwi gets a bump

The kiwi has posted a nice turnaround today. After testing yesterday's low, it's jumped to the highest since Jan 8.

Technically, it's testing a series of highs from Jan 11-15 and a break would then target the 2021 high of 0.7315.

The broader dollar reaction today might be a delayed reaction to the drop in Treasury yields a day ago.