NZ Dollar Strengthens Against Majors
May 29 2012 - 10:33AM
RTTF2
The New Zealand dollar resumed its Asian session rally against
its major counterparts in early New York trading on Tuesday.
As of 10:20 am ET, the kiwi climbed to 1.6420 against the euro,
its highest level since May 10. On the upside, the NZ dollar may
find target around the 1.6360/65 level.
The NZ dollar also advanced to 0.7643 against the greenback,
60.74 against the yen and 1.2924 against the Australian dollar
around the same time.
If the kiwi strengthens further, likely resistance levels are
seen at 60.80 against the yen, 1.2915 against the aussie and 0.7680
against the greenback.
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