The NZD/USD pair was seen to chart a two-week high as it climbed to 0.6769 today.
The strength of the NZD could be attributed to the upbeat Q2 GDP Data from New Zealand, risk reset mood and USD weakness as well as comment from New Zealand’s PM – ruling out RBNZ’s rate change at least till March 2021.
The 21-day SMA level is at 0.6680 – any sustained trading could push the pair up to the monthly top of 0.6790.
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