The pair touches a high of 0.7288 on the day
The kiwi is picking up from where it left off yesterday, leading the charge in Asian trading today alongside other commodity currencies. The common theme so far has been dollar weakness as trade tensions between US and China continues to escalate further - following the US announcement of $50 billion worth of tariffs here.
Anyway, as for NZD/USD, the pair is currently threatening a break of the trendline resistance formed from February to March and is also clearing the 23.6 retracement level in the meantime.
The key break to watch out for on the day will be the 27 March high of 0.7304. A break there and a close above the trendline resistance will justify a further run to the upside towards 0.7350.
If buyers are able to hold above that, the pair looks set to retest the year's high at 0.7438 again.
