NZD/USD jumped 0.50% higher in early Asia after results of NZ election nL1N3BK0N6

PM-elect Christopher Luxon will meet to form a coalition government

NZD/USD high so far 0.5925 after closing Friday at 0.5884

Resistance is at 0.5950/60 where the 10 & 21-day MAs converge

A close above 0.5960 would indicate a bottom at 0.5860 is in place

NZD/USD strength may be temporary as external factors dominate

Election results don't normally have a lasting impact on FX rates

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