From the FXWW Chatroom – NZD has quickly sped higher and sits on 200 day m.a resistance here at 0.6875 with recent highs at 0.6890 the next notable level above…with Powell’s comments likely to continue to drive sentiment throughout today’s session, the lingering Trump/Xi trade talks over the weekend ahead should cap both Kiwi and Aussie until more is known. Against the crosses kiwi is certainly looking stretched with NZDCAD above 0.9100 catching our eye. All in all a bit to digest and favour taking stock for a bit given what lies ahead over the next couple of days.
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