NZD/USD extends gains towards 0.79 by Milan Cutkovic

  • Commodity currencies are benefiting from weak USD, as well as from the weak performance of European currencies
  • NZD has posted the largest gain vs the USD in the G10 space, up 1.10 % on the day
  • Currently approaching the 0.79 level
  • Trendline resistance on the Daily being tested
  • Above there, resistance at 0.7940/50 and then not much until 0.8030


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