By Robert Fullem — Apr 15 - 09:40 AM
• NZD/USD rises for fifth day, climbing 1.1%
• Five-day advance of 7.3% is the most since 2009
• Kiwi is also rising against its G10 peers
• Gains come even as RBNZ rate cut expecatations build and CNH slips
• US tariff rate for NZ is steady at 10% with bulk of exports food
• Reserve and bond diversification would also support the currency
• NZD/USD tests its upper Bollinger at 0.5925 after topping 0.5885 200-DMA
• Risk of speedy triple-bottom rally to a 4-yr desc. trendline near 0.62
NZD
(Robert Fullem is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters