NZDUSD hits session highs
The New Zealand dollar is on a 30-pip run. The catalyst looks to be a stops as it rose above the US high of 0.6340, the Asian high of 0.6342 and Monday's high of 0.6344.
The rally comes at a time of low liquidity in the pair as Wellington begins to ramp up.
In the bigger picture, the pair is slated to gain just 30 pips today and has yet to recover the 110 pip decline from last Wednesday.
However you could make the case that a bit of a bullish inverted head & shoulders pattern is beginning to form (although I wouldn't make the case until 0.6420 breaks.
