NZD/USD rises above the 200-day moving average after bank capital review

Technical Analysis

Author: Adam Button | nzdusd

The kiwi likes it

The kiwi likes it
The longer timeline for New Zealand banks to increase capital buffers spurred some confidence in the financial sector and led to a 20 pip jump in the kiwi dollar.

The rally above 0.6545 is the first time above the 200-dma in NZD/USD since late July.

I'm a fan of many of the NZD charts and this move -- from an unexpected source -- helps to underscore the bullish trend in this chart.

Separately, NZD/JPY is also flirting with the 200-dma for the first time since April.
NZDJPY daily
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